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 146
- Downloads 0
Generating Relations by Using Some Classes of Near Open Sets
The purpose of this paper is to introduce some definitions of relations generated by using some classes of near open sets in topological spaces. Proved results and examples are provided.
A New Five Parameter Lifetime Distribution: Properties and Application
This paper deals with a new generalization of the Weibull distribution. This distribution is called exponentiated exponentiated exponential-Weibull (EEE-W) distribution. Various structural properties of the new probabili...
The relationship between intensity and stochastic matrices for continuous-time discrete value stochastic non-homogeneous processes with Markov property
The matrices of non-homogeneous Markov processes consist of time-dependent functions whose values at time form typical intensity matrices. For solvingsome problems they must be changed into stochastic matrices. A stochas...
On Pompeiu Cebysev Type Inequalities for Positive Linear Maps of Selfadjoint Operators in Inner Product Spaces
In this work, generalizations of some inequalities for continuous synchronous (h-asynchronous) functions of linear bounded selfadjoint operators under positive linear maps in Hilbert spaces are proved.
A New Technique for Simulation the Zakharov–Kuznetsov Equation
In this article, a new technique is proposed to simulated two-dimensional Zakharov–Kuznetsov equation with the initial condition. The idea of this technique is based on Taylors' series in its derivation. Two test problem...