Inventory Model for Perishable Products with Time Dependent Production and Demand under Shortage Conditions

Authors

  • Kumara Mohan Babu
  • Dr.K.Aruna Kumari
  • Anusha Karredla,
  • Dr.Ponduri SB
  • Dr.Puligilla .Prashanth Kumar

Keywords:

Economic Production Quantity, deteriorating items, traditional models, cost production, demand

Abstract

This study develops an enhanced economic production quantity (EPQ) model for decaying items, incorporating time-dependent production and demand rates while allowing for shortages. The model assumes that items lifetime follow an exponential distribution. A comprehensive total cost function is formulated, accounting for relevant cost components. By minimizing this function, optimal production schedules and quantities are determined. Additionally, there is an increase in costs and key parameters.

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Published

2025-08-28

How to Cite

Kumara Mohan Babu, Dr.K.Aruna Kumari, Anusha Karredla, Dr.Ponduri SB, & Dr.Puligilla .Prashanth Kumar. (2025). Inventory Model for Perishable Products with Time Dependent Production and Demand under Shortage Conditions. Utilitas Mathematica, 122(Special Issue-1), 1511–1524. Retrieved from https://utilitasmathematica.com/index.php/Index/article/view/2724

Issue

Vol. 122 No. Special Issue-1 (2025): Special Issue on Multidisciplinary Studies in Education, Engineering, Science, Management, Technology and Humanities

Section

Articles

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