Call for Papers : Volume 15, Issue 11, November 2024, Open Access; Impact Factor; Peer Reviewed Journal; Fast Publication

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A production inventory model with negative exponential demand rate with no shortage

This study contains a production inventory model, which developed for deteriorating items with negative exponential probabilistic demand rate without shortage. An algebraic way is applied to find the minimum total inventory cost (TIC). The idea of this study is to minimize the cost. A numerical example, graphical representation of the model, graphical representation of numerical example and sensitivity analysis are given. For calculation and sketching the graphs mathematica software has been used.

Author: 
Janardan Behera and Sudhir Kumar Sahu
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