EOQ Model for Deteriorating Items with Linear Time Dependent Demand Rate under Permissible Delay in Payments
نویسنده
چکیده
This study presents an inventory model for deteriorating items with linearly time-dependent demand rate under trade credits. Mathematical models have been derived under four different situations i.e. Case 1 : The cycle time T is greater than or equal to M1, to get a cash discount, Case 2 : The cycle time T is less than M1, Case 3 : The cycle time is greater than or equal to M2, and Case 4 : The cycle time is less than M2. Computational procedures are proposed to obtain optimal cycle time of all four cases. Numerical example and sensitivity analysis shows the applicability of the proposed model. Keywords Inventory, deteriorating item, cash-discount, linear time-dependent-demand rate.
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