Solving an Inventory Models Involving Lead Time Crashing Cost as an Exponential Function in Food Processing and Distribution Industry Using Matlab

Authors

  • S. Rekha  Assistant Professor, Department of Mathematics, Dr. SNS Rajalakshmi College of Arts and Science, Coimbatore, Tamil Nadu, India
  • P. Pavithra  Research Scholar,Department of Mathematics, Dr. SNS Rajalakshmi College of Arts and Science. Coimbatore, Tamil Nadu, India

Keywords:

Inventory , Lead time, Crashing cost,Food processing, MATLAB.

Abstract

Inventory consists of usable but idle resources. The resources may be of any type men, materials, machines etc,. In this paper the Inventory model involving lead time crashing cost as an exponential function in food processing and distribution industry are discussed with Mathematical model .Moreover, a numerical example are presented to illustrate the important issues related to the mathematical modeling using MATLAB

References

  1. Entsar Kouni A Alhaj Mohamed (2017), "Main inventory management elements on reducing storage cost", Asian journal of business and management (ISSN : 2321-2802), Vol 5- Issue 02, April 2017
  2. Vijayashree, R.Uthayakumar(2016), "Inventory models involving lead time crashing cost as an exponential function", International Journal of managing value and supply chains, Vol.7, No.2, June 2016
  3. Chih-Chin, Liang (2013), "Smart inventory management system of food processing and distribution industry", Elsebier.B.V., 17(2013)373-378.
  4. Vaishnavi Rajendra Gaikwad, Sumar Vivek Shende (2015), "Analysis of inventory control techniques and study of non conventional parameters", International Journal of Engineering research and technology, (ISSN: 2278-0181), Vol.4, Issue.12, Dec 2015.
  5. Gholami-Qadikolaei.A, Sobhanallahi.M.A and Mirzazdeh.A (2013) "Lead time reduction in budget and storage space restricted lot size reorder point inventory models with controllable negative exponential backorder rate", Research Journal of Applied sciences, Engineering and technology, Vol.5, pp1557-1567.
  6. Chen C.K, Chang.H.C and Ouyang L.Y (2001), "A continuous re-view inventory model with ordering cost dependent on lead time", International journal of information and management sciences. Vol.12, pp1-13.
  7. Karabi Dutta Choudhary, Sumit Saha and Mantu Das (2011), "An inventory model with lot size dependent carrying/holding cost", Assam university journal of science and technology, Vol.7, II, pp133-136.

International Journal of Scientific Research in Science, Engineering and Technology

Downloads

Published

2018-02-28

Issue

Volume 4, Issue 1, January-February-2018

Section

Research Articles

License

Copyright (c) IJSRSET

Creative Commons License

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

How to Cite

[1]
S. Rekha, P. Pavithra, " Solving an Inventory Models Involving Lead Time Crashing Cost as an Exponential Function in Food Processing and Distribution Industry Using Matlab, International Journal of Scientific Research in Science, Engineering and Technology(IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 4, Issue 1, pp.556-560, January-February-2018.