Optimizing EOQ model for expiring items with stock, selling cost and lifetime dependent demand under inflation
نویسندگان
چکیده
Now-a-days, ventures are confronting numerous difficulties to meet the objectives of sustainable development. The Client’s choices changing at a quicker speed in view new advances and quickly general climate. It is seen that demand items straightforwardly associated with stock level however keeping colossal reason for increment holding cost crumbling effect. major test sell whole lot before its lapse goal impact on climate can be diminished. Deterioration inflation have significant effect any model, thus cannot ignored. This model consolidates expiry date weakening green things gives an ideal yield acquire most extreme benefit under inflationary conditions. tackled mathematically get cycle, which would expand all-out benefit. illustrates around 2% increase selling price, 13% total profit from 20% higher time product 4% less deterioration rate product. Sensitivity analysis strengthens applicability model.
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ژورنال
عنوان ژورنال: Opsearch
سال: 2023
ISSN: ['0030-3887', '0975-0320']
DOI: https://doi.org/10.1007/s12597-022-00616-x