Paper Title :Inventory Model for Deteriorating Item with Advertising and Quantity Discount Policies
Author :Himanshu Rathore
Article Citation :Himanshu Rathore ,
(2018 ) " Inventory Model for Deteriorating Item with Advertising and Quantity Discount Policies " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 36-38,
Volume-4,Issue-5
Abstract : In present article an inventory model is developed for deteriorating item. In which the deterioration rate is
constant and the demand function is treated as linear function of advertising frequency and the selling price. The concept of
quantity discounts is also incorporated to enhance the demand. The cost for holding the inventory is considered as a linear
function of time and purchase cost. The optimal values of total cost function and its decision variable like selling price, total
cycle length and advertising frequency are calculated. The numerical verification and the convexity of model is also
presented in this paper. The calculation part is carried out with the help of mathematical software Mathematica11.
Keywords - Deterioration, Advertisement, Quantity Discounts, Selling Price.
Type : Research paper
Published : Volume-4,Issue-5
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-12366
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Copyright: © Institute of Research and Journals
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Published on 2018-07-31 |
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