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
Inventory Policies for Deteriorating Items with Maximum Lifetime under Downstream Partial Trade Credits to Credit-Risk Customers by Discounted Cash Flow Analysis
Journal ArticleDOI
Optimal ordering policy and preservation technology for deteriorating items with maximum lifetime under a resilient hybrid payment decision
TL;DR: In this paper, an inventory system with items changing value over time under various realistic environments is presented, where the primary objective is to determine the replenishment cycle time and the preservation technology which maximizes the retailer's total profit.
Journal ArticleDOI
Optimal Inventory Model with Time and Price Dependent Demand Under the Risk of Product Obsolescence
Journal ArticleDOI
An EOQ model for deteriorating products with backorder and fixed transportation cost
TL;DR: In this article, a buyer-vendor EOQ inventory model for deteriorating product with fixed transportation cost was developed for equal benefits of both buyer and vendor with co-ordination system.
Journal ArticleDOI
A Three-Layer Imperfect Production Supply chain Model with Green-Investment under Trade Credit and Cap-Trade Policy
TL;DR: In this paper , a three-layer supply chain model with a single supplier, manufacturer, and retailer is presented, and the total average profit of the supply chain is constructed under three different scenarios of trade credit provided by the manufacturer to the retailer.
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.
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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.
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.