Deterministic EOQ models for non linear time induced demand and different holding cost functions
Journal Title: JOURNAL OF ADVANCES IN MATHEMATICS - Year 2016, Vol 12, Issue 2
Abstract
This paper presents an Economic order quantity (EOQ) model for deteriorating items. The demand rate is non-linear function of time. In this paper two models have been derived for different holding costs (i) The holding cost is linear function of the on hand inventory level. (ii). A non-linear function of time for which the item is kept in the stock. Optimization is done for both the models and numerical examples are presented to check the feasibility of the optimal solutions. Sensitivity analysis is also presented with respect to the various parameters used in the numerical example.
Authors and Affiliations
Surbhi Aneja, R P Tripathi, D Singh
Keywords
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- EP ID EP651717
- DOI 10.24297/jam.v12i2.559
- Views 151
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