Decay Management Model for Perishable Goods
P. Sudam Sekhar1, Parthiban. S2, V.R.K. Murthy3
1P.Sudam Sekhar, Division of Mathematics, Vignan’s Foundation for Science, Technology & Research, Vadlamudi Guntur (Andhra Pradesh), India.
2Parthiban S, Division of Mathematics, Vignan’s Foundation for Science, Technology & Research, Vadlamudi Guntur (Andhra Pradesh), India.
3V.R.K. Murthy, Division of Mathematics, Vignan’s Foundation for Science, Technology & Research,Vadlamudi Guntur (Andhra Pradesh), India.
Manuscript received on 25 November 2019 | Revised Manuscript received on 19 December 2019 | Manuscript Published on 30 December 2019 | PP: 203-205 | Volume-9 Issue-1S5 December 2019 | Retrieval Number: A10521291S52019/19©BEIESP | DOI: 10.35940/ijeat.A1052.1291S52019
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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: Inventory management becomes a challenge when it comes to perishable goods. In practice managing perishable goodsis a difficult task worldwide. Improvement of inventory control of perishable goods depends on the model chosen or implemented. This paper proposes how to improve the profit and to reduce the risk of spoiling the goods with respect to the rate of decay which may be fixed or variable. By considering a specific type of perishable goods this experimental investigation has been done based on linear decay and exponential decay. It has been observed that irrespective of the type of decay, the energy level in forward approach is far better than the back approach of consuming the perishable goods.
Keywords: Perishable, Fixed Decay, Variable Decay, Optimization.
Scope of the Article: Disaster Management