Total revenue function for non-regular fixed lifetime inventory system | Zendy

O Izevbizua | Zendy; J. S. Apanapudor | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Total revenue function for non-regular fixed lifetime inventory system

Author(s) -

O Izevbizua,

J. S. Apanapudor

Publication year - 2019

Publication title -

african journal of mathematics and computer science research

Language(s) - English

Resource type - Journals

ISSN - 2006-9731

DOI - 10.5897/ajmcsr2019.0798

Subject(s) - revenue , perpetual inventory , function (biology) , inventory control , work (physics) , cycle count , inventory theory , operations management , operations research , computer science , mathematics , business , economics , engineering , finance , mechanical engineering , evolutionary biology , biology

The fixed lifetime inventory system assumes that outdated items are discarded from inventory. Such inventory system is here referred to as regular inventory system. The non-regular fixed lifetime inventory system assumes that outdated items are not discarded from inventory. The features of both the regular and non-regular inventory systems are compared in this work and the total revenue function for the non-regular fixed lifetime inventory system is derived. Key words: Regular, inventory, revenue, outdate, discarded.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research