An EOQ Model for Deteriorating Items with Quadratic Demand and Time Dependent Holding Cost
1R.Amutha, Research Scholar, Department of Mathematics, Presidency College, henna, India.
2Dr. E. Chandrasekaran, Associate Professor, Department of Mathematics, Presidency College, Chennai, India.
Manuscript received on March 11, 2013. | Revised Manuscript Received on March 12, 2013. | Manuscript published on March 25, 2013. | PP: 5-6 | Volume-1 Issue-5, March 2013. | Retrieval Number: E0199031513/2013©BEIESP
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This paper presents an inventory model for deteriorating items with Quadratic demand. An Exponential distribution is used to represent the distribution of time to deterioration. Shortages are not allowed and holding cost is time dependent. Our objective is to minimize the total cost. Numerical Examples is given to illustrate the solution procedure.
Keywords: Deterioration, Demand, holding cost, Inventory, Quadratic Demand, Shortages.