An Inventory Model with Time-Varying Demand and Comprehensive Cost

Author(s)	VIVEK VIJAY
Country	India
Abstract	In this inventory model, we study the system for items with time varying demand. The deterioration of items is not considered here. The inventory level rate of change is given by the time and demand. Shortages are not allowed in this model. Holding cost, ordering cost are considered in this model. Our objective in this model is to evaluation of the total cost to maximize the objective of any industry. For validation of the model, the numerical example is also available which show the sensitivity of the cost with respect to variations in parameters.
Keywords	Inventory, demand, holding cost, ordering cost
Field	Mathematics
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-30
Cite This	An Inventory Model with Time-Varying Demand and Comprehensive Cost - VIVEK VIJAY - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.19276
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.19276
Short DOI	https://doi.org/gts4pd

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