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 157
- Downloads 0
A Simulation Comparison of Bootstrap Procedures in Periodically Correlated Time Series Models
The presence of periodicity in data with periodic structure has become an important issue in parameter estimation. Several methods have been studied with intention estimating different parameters or constructing confiden...
Double Stage Shrinkage Estimation of the Reliability Function of the Proportional Hazard Family of Distribution Function under Different Loss Functions Using Progressive Type II Censored Sample
In this paper we propose two double stage shrinkage estimators of the reliability function of the proportional hazard family of distribution functions, using progressive type II censored sample. The risk fun...
Investigation of the method of sequential analysis of Bayesian type
The results of investigation of the properties of new sequential methods of testing many hypotheses based on special properties of hypotheses acceptance regions in the constrained Bayesian tasks of testing many hypothese...
Fast Iterative Solver for the 2-D Convection-Diffusion Equations
In this paper, we introduce the preconditioned Explicit Decoupled Group (EDG) for solving the two dimensional Convection-Diffusion equation with initial and Dirichlet boundary conditions. The purpose of this paper is to...
A Statistical Approach to Determine Factors that Influence Students Academic Performance
This paper provides answer to the following question. Does the performance of students depend on the location of accommodation and facilities? The Chi square and the likelihood ratio Chi square statistics based on the co...