An EOQ model for time-dependent deteriorating items with alternating demand rates allowing shortages by considering time value of money
نویسندگان
چکیده
منابع مشابه
A New Inventory Model for Deteriorating Items with Price-dependent Demand, Time-value of money, and Shortages
This paper presents a discounted cash-flow approach to an inventory model for deteriorating items with the two-parameter Weibull distribution. According to our proposed model, two shortages are considered: back-orders and lost-sales, in which the back-order rate is a varying function of the time when the shortage happens. In general, the demand rate is a linear function of the selling price...
متن کاملA New Inventory Model for Deteriorating Items with Price-dependent Demand, Time-value of money, and Shortages
This paper presents a discounted cash-flow approach to an inventory model for deteriorating items with the 
two-parameter Weibull distribution. According to our proposed model, two shortages are considered: back-orders and lost-sales, 
in which the back-order rate is a varying function of the time when the shortage happens. In general, the demand rate is a linear function of the selling p...
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We discuss the effects of inflation and time discounting on an EOQ model for deteriorating items under stock-dependent demand and time-dependent partial backlogging. The inventory model is studied under the replenishment policy starting with no shortages. We then use MATLAB to find the optimal replenishment policies. The objective of this model is to maximize the total profit (TP) which inclu...
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 deteriorating items with time-dependent demand and time-varying holding cost under partial backlogging
In this paper, we considered a deterministic inventory model with time-dependent demand and time-varying holding cost where deterioration is time proportional. The model considered here allows for shortages, and the demand is partially backlogged. The model is solved analytically by minimizing the total inventory cost. The result is illustrated with numerical example for the model. The model ca...
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ژورنال
عنوان ژورنال: YUJOR
سال: 2013
ISSN: 0354-0243,1820-743X
DOI: 10.2298/yjor130120022k