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
Related Articles
- EP ID EP651717
- DOI 10.24297/jam.v12i2.559
- Views 150
- Downloads 0
ANALYSIS OF NIGERIA GROSS DOMESTIC PRODUCT USING PRINCIPAL COMPONENT ANALYSIS
Nigeria is classified as a mixed economy emerging market, and has already reached middle income status according to the World Bank, with its abundant supply of natural resource, well developed financial, legal, communica...
Supplement to the Collatz Conjecture
For any natural number was created the supplement sequence, that is convergent together with the original sequence. The parameter - index was defined, that is the same tor both sequences. This new method provides the fol...
Semi-rough Connected Topologized Approximation Spaces
The topological view for connectedness is more general and is applied for topologieson discrete sets. Rough thinking is one of the topological connections to uncertainty. The purpose of this paper is to introduce connect...
Common fixed points for four self-maps in cone metric spaces
We prove, the existence of coincidence points and common fixed points for four self- mappings satisfying a generalized contractive condition without normal cone in cone metric spaces. Our results generalize several well-...
Parameter Class for Solving Delay Differential Equations
In this paper a parameter class of Linear multistep method are applied to solve delay differential equations of the form y’(t) = f(t; y(t); y(t- t(t))), (t >0) subject to the initial condition y(t) = j (t) for tmin&...