Estimation of EOQ Model for Drug Inventory in Wellness Industries Using Time Dependent Negative Exponential Demand and Holding Cost of Linear Equation Without Constant Term

Dr.K. Thirugnanasambandam and V. Sivan

A drug inventory model is provided for EOQ in wellness industries. The ever changing inventory model for decayed things with various sorts of time-depending demand in wellness industries thought of. It is managing two varieties: (i) Stock and time dependent demand (ii) negative exponential time-varying demand. The holding cost is a linear equation without constant term and the constant rate of deterioration in the drug things are thought of. The motivation behind this investigation is to investigate the ideal replenishment time, the greatest order quantity and overall average cost of the two distinct kinds of the suggested model. This research paper focuses primarily on getting the least overall cost of two varieties of time dependent changeful demand which will give the ideal result. At last, the computative (mathematical) explanations in two varieties are discussed

Volume 12 | 05-Special Issue

Pages: 91-106

DOI: 10.5373/JARDCS/V12SP5/20201738