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Khanra, S.; Ghosh, S. K.; Chaudhuri, K. S.

An EOQ model for a deteriorating item with time dependent quadratic demand under permissible delay in payment. (English) Zbl 1231.90041

Appl. Math. Comput. 218, No. 1, 1-9 (2011).
Summary: In this paper, an economic order quantity (EOQ) model is developed for a deteriorating item having time dependent demand when delay in payment is permissible. The deterioration rate is assumed to be constant and the time varying demand rate is taken to be a quadratic function of time. Mathematical models are also derived under two different circumstances, i.e, case I, the credit period is less than or equal to the cycle time for settling the account, and case II, the credit period is greater than the cycle time for settling the account. The results are illustrated with numerical examples. Justification for considering a time quadratic demand and permissible delay in payment are discussed.

Cited in 25 Documents

MSC:

90B05 Inventory, storage, reservoirs

Keywords:

inventory, deterioration; quadratic demand; permissible delay in payment
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References:

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