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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Book ChapterDOI
Decaying Objects of Constant Demand Speed and Dependent of Time Within Permitted Delay in Imbursement of the Model of Inventory Level
Jasvinder Kaur,Arun Kumar +1 more
TL;DR: In this article, an economic order quantity replica was generated for a decaying product having time dependent on demand, where the allowable late payment was considered to be fixed and the time dependence on demand value was assumed to be a constant function of time.
Posted ContentDOI
A collaborative strategy for a three echelon supply chain with ramp type demand, deterioration and inflation
TL;DR: In this article, the authors investigated a supply chain system in which a single manufacturer procures raw materials from a single supplier, processes them to produce finished products and then delivers the products to a single retailer.
Journal ArticleDOI
Optimal Inventory Model with Time and Price Dependent Demand Under the Risk of Product Obsolescence
Journal ArticleDOI
Retailer’s optimal credit period and cycle time in a supply chain for deteriorating items with stock and credit-sensitive demand incorporating default risk
TL;DR: Mahata et al. as discussed by the authors proposed an economic order quantity model of a retailer for deteriorating items with default risk consideration, where demand is assumed as a function of inventory level and credit period.
Journal ArticleDOI
A Fuzzy Multi Objective Inventory Model with Production Cost and Set-up-Cost Dependent on Population
TL;DR: In this article , a multi item production inventory model for the non-deteriorating items with constant demand rate under the limitation on set up cost is developed, where all the cost parameters are taken as the generalized triangular fuzzy number.
References
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Journal ArticleDOI
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.
Journal ArticleDOI
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.
Journal ArticleDOI
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.
Journal ArticleDOI
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.