Sensitivity analysis of an inventory model with non-instantaneous and time-varying deteriorating items
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Date
2016-03
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Publisher
AIP
Abstract
The sensitivity analysis of an inventory model with non-instantaneous and time-varying deteriorating Items has been studied. Shortages are not considered. To obtain the optimal order quantity and the optimal interval for the total profit, a solution procedure is demonstrated. Numerical example is provided to demonstrate the practical usage of result and sensitivity analysis of the optimal total profit with respect to system parameters is carried out.
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Keywords
Mathematics, Inventory modelling