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Growing Science » Uncertain Supply Chain Management » EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages

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Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 5 Issue 4 pp. 327-336 , 2017

EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages Pages 327-336 Right click to download the paper Download PDF

Authors: R. P. Tripathi, Manjit Kaur

DOI: 10.5267/j.uscm.2017.4.004

Keywords: Inventory, Time-induced deterioration, Shortages, Time-dependent demand, Order quantity

Abstract: Deterioration of items is a phenomenon which cannot be neglected as it may provide absurd result. In high-tech business market, deterioration is not always constant but it is time dependent. This paper presents inventory model for time dependent deterioration and time dependent demand under shortages. The mathematical model is provided to optimize the cycle time by minimizing the total cost. Numerical results are discussed to validate the proposed model. The variation of the optimal solution for different parameters is discussed for some instances.

How to cite this paper
Tripathi, R & Kaur, M. (2017). EOQ model for non- decreasing time dependent deterioration and Decaying demand under non-increasing time shortages.Uncertain Supply Chain Management, 5(4), 327-336.

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Journal: Uncertain Supply Chain Management | Year: 2017 | Volume: 5 | Issue: 4 | Views: 1954 | Reviews: 0

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