Total Revenue Function For Non Regular Fixed Lifetime  Inventory System: A Case Study Of Airplane Seats.

Authors

  • O. OGBEREYIVWE Department of Mathematics, Delta State University of Science and Technology, Ozoro, Author
  • S.O OSEMWENKHA Department of Physical Sciences, Benson Idahosa University, Benin City. Author

DOI:

https://doi.org/10.60787/jnamp.v68no1.420

Keywords:

Revenue Function, Inventory, System Airplane seats

Abstract

The seats in an airplane are considered as non-regular fixed lifetime inventory. An inventory system where items outdate in one period but become useful in the next period. The revenue function per trip was derived for the airplane. The outdates and shortages resulting from low demand and excess demand for seats on the airplane were also derived. The revenue function was simulated in a numerical example...

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Author Biographies

  • O. OGBEREYIVWE, Department of Mathematics, Delta State University of Science and Technology, Ozoro,


     AND OSEMWENKHA, S.O
    Department of Mathematics, Delta State University of Science and Technology, Ozoro,
    Department of Physical Sciences, Benson Idahosa University, Benin City. 

    *Corresponding author: OGBEREYIVWE O.
    E-mail address: jonasachuobi@gmail.com 

  • S.O OSEMWENKHA, Department of Physical Sciences, Benson Idahosa University, Benin City.




References

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Published

2024-10-23

Issue

Vol. 68 (2024): September

Section

Articles

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Copyright (c) 2024 The Journals of the Nigerian Association of Mathematical Physics

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How to Cite

Total Revenue Function For Non Regular Fixed Lifetime  Inventory System: A Case Study Of Airplane Seats. (2024). The Journals of the Nigerian Association of Mathematical Physics, 68, 65-70. https://doi.org/10.60787/jnamp.v68no1.420

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