Geodesic
An Economic Production Quantity (EPQ) Model for a Deteriorating Item With Partial Trade Credit Policy for Price Dependent Demand Under Inflation and Reliability
Yugoslav journal of operations research, Tome 31 (2021) no. 2, p. 139

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It is well-known that the production-inventory problem for deteriorating items in the supply chain is a challenge when deciding on how many products to manufacture to obtain a maximum total profit. This research work develops an economic production quantity model for a deteriorating item under partial trade credit policy considering inflation, the effect of reliability factor of a production system, and the demand depending on the price of a product whose selling price is optimized. The production-inventory model is formulated as a nonlinearly constrained optimization problem by analyzing different cases. Finally, through a numerical example, a sensitivity analysis is performed to study the effect of different parameters, changing one parameter at a time and keeping others fixed at their original values.
Classification : 90B05, 90B30
Keywords: Economic Production Quantity (EPQ) Model, Partial Trade Credit Policy, Inflation, Reliability, Deterioration 
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     author = {Ali Akbar Shaikh and Leopoldo Eduardo C\'ardenas-Barr\'on and Amalesh Kumar Manna and Armando C\'espedes-Mota},
     title = {An {Economic} {Production} {Quantity} {(EPQ)} {Model} for a {Deteriorating} {Item} {With} {Partial} {Trade} {Credit} {Policy} for {Price} {Dependent} {Demand} {Under} {Inflation} and {Reliability}},
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     url = {http://geodesic.mathdoc.fr/item/YJOR_2021_31_2_a0/}
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Ali Akbar Shaikh; Leopoldo Eduardo Cárdenas-Barrón; Amalesh Kumar Manna; Armando Céspedes-Mota. An Economic Production Quantity (EPQ) Model for a Deteriorating Item With Partial Trade Credit Policy for Price Dependent Demand Under Inflation and Reliability. Yugoslav journal of operations research, Tome 31 (2021) no. 2, p. 139 . http://geodesic.mathdoc.fr/item/YJOR_2021_31_2_a0/