An EOQ Model for Time-Dependent Deteriorating Items With Alternating Demand Rates Allowing Shortages by Considering Time Value of Money
Yugoslav journal of operations research, Tome 23 (2013) no. 2, p. 263
Cet article a éte moissonné depuis la source eLibrary of Mathematical Institute of the Serbian Academy of Sciences and Arts
The present paper deals with an economic order quantity (EOQ) model of an
inventory problem with alternating demand rate: (i) For a certain period, the demand rate
is a non linear function of the instantaneous inventory level. (ii) For the rest of the cycle,
the demand rate is time dependent. The time at which demand rate changes, may be
deterministic or uncertain. The deterioration rate of the item is time dependent. The
holding cost and shortage cost are taken as a linear function of time. The total cost
function per unit time is obtained. Finally, the model is solved using a gradient based
non-linear optimization technique (LINGO) and is illustrated by a numerical example.
Classification :
90B05
Keywords: EOQ, Deterioration, Shortages, Two-component Demand.
Keywords: EOQ, Deterioration, Shortages, Two-component Demand.
@article{YJOR_2013_23_2_a9,
author = {Antara Kundu and Priya Chakrabarti and Tripti Chakrabarti},
title = {An {EOQ} {Model} for {Time-Dependent} {Deteriorating} {Items} {With} {Alternating} {Demand} {Rates} {Allowing} {Shortages} by {Considering} {Time} {Value} of {Money}},
journal = {Yugoslav journal of operations research},
pages = {263 },
year = {2013},
volume = {23},
number = {2},
language = {en},
url = {http://geodesic.mathdoc.fr/item/YJOR_2013_23_2_a9/}
}
TY - JOUR AU - Antara Kundu AU - Priya Chakrabarti AU - Tripti Chakrabarti TI - An EOQ Model for Time-Dependent Deteriorating Items With Alternating Demand Rates Allowing Shortages by Considering Time Value of Money JO - Yugoslav journal of operations research PY - 2013 SP - 263 VL - 23 IS - 2 UR - http://geodesic.mathdoc.fr/item/YJOR_2013_23_2_a9/ LA - en ID - YJOR_2013_23_2_a9 ER -
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Antara Kundu; Priya Chakrabarti; Tripti Chakrabarti. An EOQ Model for Time-Dependent Deteriorating Items With Alternating Demand Rates Allowing Shortages by Considering Time Value of Money. Yugoslav journal of operations research, Tome 23 (2013) no. 2, p. 263 . http://geodesic.mathdoc.fr/item/YJOR_2013_23_2_a9/