AN INVENTORY MODEL FOR A DETERIORATING PRODUCT WITH EXPONENTIAL LINEAR DEMAND WITH TIME DEPENDENT HOLDING COST

₦ 2,000.00
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ABSTRACT

This project considers an Economic Order Quantity (EOQ) model with an exponential-linear demand. The holding cost is a linear function of time and deterioration is assumed to be a constant. Application of the model is illustrated with the help of plots made on the matlab software. The effects of various parameters on the total cost is investigated and useful conclusions are drawn.

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