An EOQ model for linear deterioration rate of consumption with permissible delay in payments with special discounts
نویسندگان
چکیده
An EOQ model of inventory for items with linear rate of deterioration is considered, taking the demand rate to be dependent on the stocjk level at any instant of time. The Payments are permitted to be delayed up to certain period of time. Shortages are not allowed. After the certain period, a special discount is permitted to reduce the stock in inventory because if the stock is holded, an interest is paid at a pre-decided rate depending on the items on hand. To avoid the interest payment, we introduce the discount to clear the items in stock. Mathematics Subject Classification: 90B05 1 Research Scholar, Kongunadu Arts & Science College, Coimbatore – 641 029, Tamil Nadu, India, e-mail:[email protected] 2 Department Mathematics, Kongunadu Arts & Science College, Coimbatore – 641 029, Tamil Nadu, India Article Info: Received : November 12, 2012. Revised : February 2, 2013 Published online : June 30, 2013 36 An EOQ model for linear deterioration rate of consumption ...
منابع مشابه
EOQ Model with Cash Flow Oriented and Quantity Dependent Under Trade Credits (TECHNICAL NOTE)
Inventory models in which the demand rate dependents on the stock- dependent are based on the common real- life observation that greater product availability tends to stimulate more sales. In this study we develop an inventory model to determine an optimal ordering policy for quantity dependent demand rate and time dependent holding cost items with delay in payments permitted by the supplier un...
متن کاملEOQ Model for Delayed Deteriorating Items with Shortages and Trade Credit Policy
This paper deals with a deterministic inventory model for deteriorating items under the condition of permissible delay in payments with constant demand rate is a function of time which differs from before and after deterioration for a single item. Shortages are allowed and completely backlogged which is a function of time. Under these assumptions, this paper develops a retailer's model for obta...
متن کاملEOQ Model for Deteriorating Items with Exponential Time Dependent Demand Rate under Inflation When Supplier Credit Linked to Order Quantity
In paper (2004) Chang studied an inventory model under a situation in which the supplier provides the purchaser with a permissible delay of payments if the purchaser orders a large quantity. Tripathi (2011) also studied an inventory model with time dependent demand rate under which the supplier provides the purchaser with a permissible delay in payments. This paper is motivated by Chang (2004) ...
متن کاملAn inventory model for non-instantaneous deteriorating items with imperfect quality, delay in payments and time value money
In this paper, Economic Order Quantity ( ) based model for non-instantaneous deteriorating items with imperfect quality, permissible delay in payments and inflation is proposed. We adopt a time-dependent demand function. Also, the effects of time value of money are studied using the Discounted Cash Flow approach. Moreover, we assume that orders may contain a random proportion of defective items...
متن کاملEOQ Model for Weibull Deteriorating Items with Imperfect Quality and Time Varying Holding Cost under Permissable Delay in Payments
Many times it happens that units ordered are not of 100% good quality. A deterministic inventory model with imperfect quality is developed when the deterioration rate is Weibull distribution. Here it is assumed that holding cost is time dependent. The model has been framed to study the items whose deterioration rate increase with time under permissible delay in payments with imperfect quality. ...
متن کامل