Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing

Ajay Singh Yadav; Navyata; Navin Ahlawat; Tripti Pandey

Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing

November 2019

Vol-5, Issue-6

Paper ID: 11105

ISSN: 2395-4396

Downloads: 0

Abstract & Details

Research Area

Applied Mathematics

Keywords

Inventory model Deterioration rate Ramp type demand Inflation SA algorithm & Probabilistic tools.

Abstract

Hazardous Substance Storage inventory model is developed for decaying items with ramp type demand and the effects of inflation using Simulated Annealing. The Hazardous Substance Storage has unlimited capacity. Here, we assumed that the inventory holding cost in Hazardous Substance Storage is higher. Shortages in inventory are allowed and partially backlogged and it is assumed that the inventory deteriorates over time at a variable deterioration rate. Cost minimization technique is used to get the expressions for total cost using Simulated Annealing and numerical example is also used to study the behavior of the model.

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Author Information

#	Name	Institute / Affiliation
1	Ajay Singh Yadav	SRM Institute of Science and Technology, Delhi-NCR Campus Ghaziabad, Uttar Pradesh, India
2	Navyata	Mewar University, Chittorgarh, Rajasthan.
3	Navin Ahlawat	SRM Institute of Science and Technology, Delhi-NCR Campus Ghaziabad, Uttar Pradesh, India
4	Tripti Pandey	SRM Institute of Science and Technology, Delhi-NCR Campus Ghaziabad, Uttar Pradesh, India

How to Cite

Use the following formats to cite this article in your research.

APA Style

Yadav, Ajay Singh, Navyata, Ahlawat, Navin, & Pandey, Tripti (2019). Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing. International Journal of Advance Research and Innovative Ideas In Education, 5(6), 1134-1143.

MLA Style

Yadav, Ajay Singh, et al. "Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing." International Journal of Advance Research and Innovative Ideas In Education, vol. 5, no. 6, 2019, pp. 1134-1143.

IEEE Style

Ajay Singh Yadav, Navyata, Navin Ahlawat, and Tripti Pandey, "Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing," International Journal of Advance Research and Innovative Ideas In Education, vol. 5, no. 6, pp. 1134-1143, 2019.

Vancouver Style

Yadav Ajay Singh, Navyata, Ahlawat Navin, Pandey Tripti. Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing. International Journal of Advance Research and Innovative Ideas In Education. 2019;5(6):1134-1143.

Harvard Style

Yadav, Ajay Singh, Navyata, Ahlawat, Navin, & Pandey, Tripti (2019) 'Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing', International Journal of Advance Research and Innovative Ideas In Education, 5(6), pp. 1134-1143.

Chicago Style

Yadav, Ajay Singh, et al. "Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing." International Journal of Advance Research and Innovative Ideas In Education 5, no. 6 (2019): 1134-1143.

Turabian Style

Yadav, Ajay Singh, et al. "Reliability Consideration based Hazardous Substance Storage Inventory Model for decaying Items using Simulated Annealing." International Journal of Advance Research and Innovative Ideas In Education 5, no. 6 (2019): 1134-1143.