PRODUCTION MODEL WITH SELLING PRICE DEPENDENT DEMAND AND PARTIAL BACKLOGGING UNDER INFLATION

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  • S. Singh1,
  • Rakesh Dude1,
  • R. Singh1,

Revised: 12-04-2016

Accepted: 12-04-2016

Published in Issue 22-12-2011

How to Cite

Singh, S., Dude, R., & Singh, R. (2011). PRODUCTION MODEL WITH SELLING PRICE DEPENDENT DEMAND AND PARTIAL BACKLOGGING UNDER INFLATION. International Journal of Mathematical Modelling & Computations, 1(1), 1-7. http://oiccpress.com/ijm2c/article/view/11029

Abstract

We developed an inventory model for decaying items with selling price dependent demand in inflationary environment. Deterioration rate is taken as two parameter Weibull distribution. Shortages in inventory are allowed with partial backlogging. Backlogging rate is taken as exponential decreasing function of time. Profit maximization technique is used in this study.
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