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Home  >  Transactions of NAMP VOL.9

11. A SINGLE STOCK POINT INVENTORY MODEL FOR AMELIORATING DETERIORATING ITEMS WITH NON-LINEAR SECOND ORDER DEMAND RATE by Yahaya Ahmad and Nasiru Abdullahi Volume 9, (March and May, 2019)
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A SINGLE STOCK POINT INVENTORY MODEL FOR AMELIORATING DETERIORATING ITEMS WITH NON-LINEAR SECOND ORDER DEMAND RATE

Yahaya Ahmad and Nasiru Abdullahi

Department of Mathematics, Kano State College of Education and Preliminary Studies

Abstract

In this paper, an optimization framework to derive optimal replenishment policy for ameliorating deteriorating items with non-linear second order consumption rate is developed. The present work attempts to model the situation where ameliorating rate and deteriorating rate are constant fraction of the on hand inventory. Shortages are not allowed and payment of the replenishment items is affected on the receipt of the items in the inventory. Numerical examples are provided to ascertain the validity of the model developed.

Keywords: Ameliorating deteriorating items, Single stock point, Non-linear second order demand,

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