An EOQ model with delay in payments and time varying deterioration rate
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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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An inventory control problem for deteriorating items with back-ordering and financial considerations under two levels of trade credit linked to order quantity
TL;DR: In this paper, an inventory control problem for perishable items where two level credit periods depend on the order quantity over a finite time horizon is dealt with, and an algorithm is proposed to determine the optimal values of order quantity, shortage quantity, number of cycles and the total cost of the system.
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An EMQ model with price and time dependent demand under the effect of reliability and inflation
TL;DR: An economic manufacturing quantity (EMQ) model for the selling price and the time dependent demand pattern in an imperfect production process that considers reliability as a decision variable along with the development cost and the production cost as a function of reliability.
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Inventory models for perishable items with advanced payment, linearly time-dependent holding cost and demand dependent on advertisement and selling price
Md. Al-Amin Khan,Ali Akbar Shaikh,Ioannis Konstantaras,Asoke Kumar Bhunia,Leopoldo Eduardo Cárdenas-Barrón +4 more
TL;DR: Two different inventory models for perishable items are formulated under linearly time-dependent increasing holding cost whereas demand of the product is dependent on the selling price of the products and the frequency of advertisement as well.
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An inventory model with time dependent demand and shortages under trade credit policy
TL;DR: In this paper, an economic order quantity (EOQ) model over a finite time horizon for an item with a quadratic time dependent demand by considering shortages in inventory under a permissible delay in payments is investigated.
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Variable deterioration and demand—An inventory model
Biswajit Sarkar,Sumon Sarkar +1 more
TL;DR: In this article, an inventory model for deteriorating items with inventory dependent demand function is considered. And a simple solution algorithm has proposed to obtain the optimal replenishment cycle time and ordering quantity such that the total profit per unit time is maximized.
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.