Epq Incentive Model for Manufacture – Buyer with Floor Space and Inventory Level Constraints
M. Haj Meeral1, M. K. Vediappan2, P. Muniappan3, G. Rasitha Banu4
1M. Haj Meeral, Assistant Professor, Department of Mathematics, The Quaide Milleth College for Men, Chennai (Tamil Nadu), India.
2M. K. Vediappan, Assistant Professor, Department of Mathematics, Vels Institute of Science, Technology and Advanced Studies, Chennai (Tamil Nadu), India.
3P. Muniappan, Assistant Professor, Department of Mathematics, Sathyabama Institute of Science and Technology, Chennai (Tamil Nadu), India.
4G. Rasitha Banu, Assistant Professor, Department of Health Informatics, FPHTM, Jazan University, KSA.
Manuscript received on 18 January 2020 | Revised Manuscript received on 01 February 2020 | Manuscript Published on 05 February 2020 | PP: 87-88 | Volume-8 Issue-4S5 December 2019 | Retrieval Number: D10311284S519/2019©BEIESP | DOI: 10.35940/ijrte.D1031.1284S519
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This paper researches maker and purchaser creation model for deteriorating items with floor space and stock level imperative. Lagrange’s multiplier procedure is utilized to take care of this sort of issue. Coordinated framework cost is created for equivalent advantages of both purchaser and producer. So as to decrease the complete stock cost, ideal request amount is resolved and furthermore floor space and stock level requirement ought to be fulfilled. Numerical model is likewise giving to revels the model.
Keywords: Production, Inventory, Order quantity, Constraints.
Scope of the Article: Probabilistic Models and Methods