Problem statement: In most of the earlier inventory models, effect of inflation has been ignored, which is playing pilot role in present environment. In this article, we have proposed an economic order quantity model for deteriorating items having stock dependent demand (whose demand varies with the stock) under the effect of inflation. Approach: Firstly, problem is framed in the form of linear...

An M/M/1 queueing system with second optional service and unreliable server is studied. We consider that the server works at different rate rather than being idle during the vacation period. The customers arrive to the system according to Poisson process with state dependent rates depending upon the server’s status. All customers demand the first essential service whereas only some of them dema...

Article history: Received January 22 2014 Received in Revised Format June 6 2014 Accepted June 18 2014 Available online June 23 2014 Marketing strategies and proper inventory replenishment policies are often incorporated by enterprises to stimulate demand and maximize profit. The aim of this paper is to represent an integrated model for dynamic pricing and inventory control of deteriorating ite...

Queuing models provide an attractive and highly-efficient alternative to simulation for quantifying traffic flow efficiency. Stationary Markovian queuing models in which both inter-arrival times and service times are exponentially distributed have been studied by the National Airspace System (NAS). However, stationary queues cannot account for peaks and valleys in demand that are commonly obser...

In a recent paper, Khanra, Ghosh and Chaudhuri’s (2011) presented an EOQ model for a deteriorating item with time dependent quadratic demand under permissible delay in payment. Deterioration considered in most of the EOQ models is constant, while in most of the practical cases the deterioration rate increases with time. This work is motivated by Khanra, Ghosh and Chaudhuri’s (2011) paper extend...

In this article, an integrated model is developed in which a manufacturer purchases raw materials from a supplier, and then produces finished products/goods, after that delivers them to a buyer. In the intended model production rate is assumed as a function of demand rate and customer demand rate is time dependent. To make the model more realistic the effect of inflation and time value of money...

We consider a make-to-stock production-inventory model with one machine that produces stock in a buffer. The machine is subject to breakdowns. During up periods, the machine fills the buffer at a level-dependent rate α(x) > 0. During down periods, the production rate is zero, and the demand rate is either β(x) > 0 or γ(x) > 0 when the inventory level is x; which of the two demand rates applies ...

The main objective of this paper is to develop a Supply chain model of a volume agile manufacturing process for the deteriorating items. It is assumed that an EOQ model in which inventory is depleted not only by demand also by deterioration. In this study, a model for the producer by assuming stock dependent demand rate is developed. It is assumed that the deterioration rate follows the Weibull...

the objective of this study is to estimate the demand for money in iran using the autoregressive distributed lag (ardl) approach to cointegration analysis. the empirical results show that there is a unique cointegrated and stable long-run relationship among m1 monetary aggregate, income, inflation and exchange rate. we find that the income elasticity and exchange rate coefficients are positive ...