期刊名称：International Journal of Education and Management Engineering(IJEME)
印刷版ISSN：2305-3623
电子版ISSN：2305-8463
出版年度：2019
卷号：9
期号：3
页码：51-64
DOI：10.5815/ijeme.2019.03.05
出版社：MECS Publisher
摘要：The purpose of this paper is to establish the memory effect in an inventory model. In this model, price dependent demand is considered during the shortage period. Primal geometric programming is introduced to solve the minimized total average cost and optimal ordering interval. And finally we have taken a numerical example to justify the memory effect of this type inventory system. From the result it is clear that the model is suitable for short memory affected business i.e. newly started business.
关键词：Fractional order derivative;Classical inventory model;Fractional order inventory model with memory kernel
