PRODUCTION MODEL WITH SELLING PRICE DEPENDENT DEMAND AND PARTIAL BACKLOGGING UNDER INFLATION

Singh, S.; Dude, Rakesh; Singh, R.

Manuscript ID : 521652 Visit : 118 Page: 1 - 7

20.1001.1.22286225.2011.1.1.1.8

Article Type: Original Research

PRODUCTION MODEL WITH SELLING PRICE DEPENDENT DEMAND AND PARTIAL BACKLOGGING UNDER INFLATION

Subject Areas : International Journal of Mathematical Modelling & Computations

S. Singh ¹ , Rakesh Dude ² , R. Singh ³

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Received: 2016-04-12 Accepted : 2016-04-12 Published : 2011-12-22

Keywords: partial backlogging, Selling price demand, Weibull deterioration,

Abstract :

We developed an inventory model for decaying items with selling price dependent demand in inflationary environment. Deterioration rate is taken as two parameter Weibull distribution. Shortages in inventory are allowed with partial backlogging. Backlogging rate is taken as exponential decreasing function of time. Profit maximization technique is used in this study.

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PRODUCTION MODEL WITH SELLING PRICE DEPENDENT DEMAND AND PARTIAL BACKLOGGING UNDER INFLATION