Corresponding Author: Rakesh Prakash Tripathi Department of Mathematics Graphic Era University, Dehradun, India Email: [email protected] Abstract: In real life customers are motivated to buy more if there is more availability of product. In this study, we develop inventory model for inventory dependent demand with different holding cost function. Mathematical formulations are discu...

Article history: Received October 2 2012 Received in revised format November 2 2012 Accepted November 2 2012 Available online 6 November 2012 This study develops an integrated production inventory model from the perspectives of vendor, supplier and buyer. The demand rate is time dependent for the vendor and supplier and buyer assumes the stock dependent demand rate. As per the demand, supplier ...

Article history: Received March 18, 2015 Accepted April 16 2015 Available online May 14 2015 In this paper, a deterministic inventory model with depletion rate dependent holding cost is developed. The demand rate is a power function of the on-hand inventory behind to a certain stock level, at which the demand rate becomes a constant. Shortages are allowed and partially backlogged with the funct...

The classical Economic Order Quantity (EPQ) models consider that the production rate is fixed and constant. But in many manufacturing and production processes the production rate is a function of stock on hand. For this sort of situations we develop and analyze an EPQ model with the assumption that the production rate is a function of the on-hand inventory and demand is a function of selling pr...

a r t i c l e i n f o Economic production quantity (EPQ) is the quantity of a product that should be manufactured in a single batch so as to minimize the total cost. In classical model EPQ only applies where the demand for a product and production rate is constant over the year. But in reality these parameters vary with time in different scenarios. In this paper we have considered a production ...