An EOQ model with delay in payments and time varying deterioration rate
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TLDR
The author develops an EOQ model for time varying deterioration rate where demand and deterioration rate are both time-dependent and the profit function of the model is maximized.About:
This article is published in Mathematical and Computer Modelling.The article was published on 2012-02-01 and is currently open access. It has received 243 citations till now. The article focuses on the topics: Economic order quantity & Purchasing.read more
Citations
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Optimal Investment in Preservation Technology for Variable Demand under Trade-Credit and Shortages
TL;DR: In this paper, a model for perishable products with a maximum life span with price-dependent demand and trade credit was analyzed under the assumption of time-varying holding cost.
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Effect of Energy and Failure Rate in a Multi-Item Smart Production System
TL;DR: In this paper, a multi-item economic imperfect production lot size energy model considering a failure rate as a system design variable under a budget and a space constraint is presented. And the theory of nonlinear optimization (Kuhn-Tucker method) is employed to solve the model.
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Solving a finite horizon EPQ problem with backorders
TL;DR: In this paper, an alternative approach to solve a finite horizon production lot sizing model with backorders using Cauchy-Bunyakovsky-Schwarz Inequality is presented.
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A Two-Warehouse Inventory Model for Deteriorating Items with Capacity Constraints and Back-Ordering Under Financial Considerations
TL;DR: In this paper, the authors investigated two warehouse inventory model for a single deteriorating items under the assumption of shortages and partial backlogging under payments delay and the effect of inflation and time value for money is also incorporated.
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An Alternative Fuzzy EOQ Model with Backlogging for Selling Price and Promotional Effort Sensitive Demand
Sujit Kumar De,Shib Sankar Sana +1 more
TL;DR: In this article, a fuzzy optimal and intuitionistic fuzzy optimal policy have been discussed, considering selling price and promotional effort as fuzzy number and fuzzy variable respectively, and a graphical illustration, numerical examples with sensitivity analysis and conclusion are made for justification of the model.
References
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How Many Parts to Make at Once
TL;DR: Experience has shown one manager a way to determine the economical size of lots, and interest on capital tied up in wages, material and overhead sets a maximum limit to the quantity of parts which can be profitably manufactured at one time.
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Recent trends in modeling of deteriorating inventory
TL;DR: The motivations, extensions and generalizations of various models in each sub-class have been discussed in brief to bring out pertinent information regarding model developments in the last decade.
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Economic Order Quantity under Conditions of Permissible Delay in Payments
TL;DR: In this article, a mathematical model for obtaining the economic order quantity for an item for which the supplier permits a fixed delay in settling the amount owed to him is presented, and an example has been solved to illustrate the method.
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Survey of Literature on Continuously Deteriorating Inventory Models
TL;DR: A complete and up-to-date survey of published inventory literature for the deteriorating (decaying) inventory models and a classification scheme is presented along with suggestions for future research.