Inventory lot size model with demand dependent unit price

Abstract

newlineThe basic objectives of inventory control is to reduce investment in inventories and ensuring that production process does not suffer at the same time The different types of costs like purchasing cost setup cost holding cost etc involved in inventory problems affect the efficiency of an inventory control problem today most of the real world decision making problems in economic technical and environmental ones are multidimensional and multi objective it is significant to realize the multiple objective are often non commensurable and conflict with each other in optimization problem newline newline