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Multi-Item EOQ Model with Demand Dependent on Unit Price
Applied and Computational Mathematics
Volume 2, Issue 6, December 2013, Pages: 149-151
Received: Nov. 11, 2013; Published: Dec. 20, 2013
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Authors
R. Kasthuri, Department of Mathematics, Sri Ramakrishna Engineering College, Coimbatore, TN, IN
C. V. Seshaiah, Department of Mathematics, Sri Ramakrishna Engineering College, Coimbatore, Tamilnadu, India
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Abstract
A multi-item inventory model with demand dependent on unit cost without shortages is discussed in this paper. This paper presents a mathematical model of inventory control problem for determining the minimum total cost with limited storage space and investment. Apart from this, the warehouse space in the selling store is considered in volume. The model is solved using Kuhn-Tucker conditions method. The model is illustrated with a numerical example assuming unit price in fuzzy environment.
Keywords
Inventory, Rate Of Production, KKT Conditions, Demand Dependent On Unit Cost, Fuzzy Unit Cost, Triangular Fuzzy Number
To cite this article
R. Kasthuri, C. V. Seshaiah, Multi-Item EOQ Model with Demand Dependent on Unit Price, Applied and Computational Mathematics. Vol. 2, No. 6, 2013, pp. 149-151. doi: 10.11648/j.acm.20130206.17
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