A production inventory model with selling price and stock sensitive demand under partial backlogging
Summary: In the proposed paper we develop an inventory model for instantaneous deteriorating items with multi variate function of demand rate. Generally, we observe that the demand for any product depends on so many factors, out of which the available stock and selling price are the main factors. So in this paper we have assumed that the demand rate is a function of stock and selling price. The production rate is taken as a function of demand rate. The shortages are allowed and it is assumed that the occurring shortages will be backlogged for which the backlogging rate is a function of waiting time. The numerical example and sensitivity exploration with respect to various parameters are also cited to illustrate the study.
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- scientific article; zbMATH DE number 6093543
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- scientific article; zbMATH DE number 7563172
- A production inventory model for ameliorating and deteriorating items with price, time and advertisement frequency dependent demand under the effect of inflation
- Production inventory model of deteriorating items with holding cost, stock, and selling price with backlog
- Selling price dependent demand with allowable shortages model under partially backlogged -- deteriorating items
- scientific article; zbMATH DE number 6093543 (Why is no real title available?)
- A production inventory model for deteriorating items with backlog-dependent demand
- scientific article; zbMATH DE number 7563172 (Why is no real title available?)
- An Integrated Imperfect Production–Inventory Model with Optimal Vendor Investment and Backorder Price Discount
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