Analysis On Mathematical Inventory Control Policy Models For Deteriorating Products With Various Costs By Using Exponential Function

Authors

  • P Ramesh Research Scholar, Department of Mathematics, School of Basic Sciences, VISTAS, Pallavaram, Chennai 600 117, India
  • V. Maheswari Professor, Department of Mathematics, School of Basic Sciences, VISTAS, Pallavaram, Chennai 600 117,
  • V Balaji Assistant Professor, Department of Mathematics, Sacred Heart College, Tirupattur, India

DOI:

https://doi.org/10.63278/mme.vi.1593

Keywords:

Exponential varying cost, Shortages, deteriorating rate, exponential function, Inventory Costs

Abstract

In this paper, we estimate the control policies for deteriorating products with various costs by using exponential function. Deteriorating inventory models with exponential function of various costs with shortage are developed. Shortages are acceptable in a production process that is operating well. The fully backlogged portion balances this. Due to varying exponential costs, deterioration rate is also changeable with time function. Demand items are considered as a constant, which can be obeyed in the exponential function of various costs. We develop the stock keeping cost function as exponential with varying time. Based on these deductions, a mathematical model has been developed and solved numerically. Using the help of numerical analysis we obtain optimum order quantity for each cycle.

Downloads

How to Cite

Ramesh, P, V. Maheswari, and V Balaji. 2025. “Analysis On Mathematical Inventory Control Policy Models For Deteriorating Products With Various Costs By Using Exponential Function”. Metallurgical and Materials Engineering, May, 388-94. https://doi.org/10.63278/mme.vi.1593.

Issue

Vol. 31 No. 5 (2025)

Section

Research

License

Copyright (c) 2025 P Ramesh, V. Maheswari, V Balaji

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  • Authors are permitted and encouraged to post their published articles online (e.g., in institutional repositories or on their website, social networks like ResearchGate or Academia), as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).

 

Creative Commons License
Except where otherwise noted, the content on this site is licensed under a Creative Commons Attribution 4.0 International License.