A Ramp-Type Deterioration EOQ Model with On-Hand Inventory
Keywords:
Inventory model, Ramp type deterioration, Demand, Economic order quantityAbstract
In this paper, we develop an inventory model for ramp type deteriorations with different demand rate for different parameters. In this proposed model, shortages are not allowed. The model is explained with the help of numerical examples. Sensitivity analysis of the optimal solution with respect to various parameters of the system is given and results are discussed in details.
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