EOQ Model for Inventory Induced Related Demand and Time Dependent Holding Cost under Permissible Delay in Payments

EOQ model

  • Rakesh Prakash Tripathi Professor

Abstract

Deterioration is the continuous process of all items in the universe; it may be low and high for different items. Everything in the universe loss its originality with time. This paper develops an inventory model for stock-dependent demand and time varying holding cost under trade credits considering four different situations. The second order approximations are used for exponential terms. Optimal solutions are obtained using Mathematica 7.1 software. The numerical examples and sensitivity analysis are provided to illustrate the model proposed in this paper.

Published
Jul 5, 2017
How to Cite
TRIPATHI, Rakesh Prakash. EOQ Model for Inventory Induced Related Demand and Time Dependent Holding Cost under Permissible Delay in Payments. Yugoslav Journal of Operations Research, [S.l.], july 2017. ISSN 2334-6043. Available at: <http://yujor.fon.bg.ac.rs/index.php/yujor/article/view/15>. Date accessed: 16 dec. 2017.
Section
Articles