Finite horizon EOQ model for non-instantaneous deteriorating items with price and advertisement dependent demand and partial backlogging under inflation

被引：32
|
作者：
Palanivel, M. [1 ]
Uthayakumar, R. [1 ]
机构：
[1] Gandhigram Rural Inst Deemed Univ, Dept Math, Gandhigram 624302, India
来源：
INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE | 2015年 / 46卷 / 10期
关键词：
inflation; finite horizon; partial backlogging; non instantaneous; Price and advertisement dependent demand; INVENTORY REPLENISHMENT POLICY; TIME-VARYING DEMAND; PERMISSIBLE DELAY; VARIABLE PRODUCTION; ORDER QUANTITY; SHORTAGES; SYSTEM; MONEY; PAYMENT; ITEM;
D O I：
10.1080/00207721.2013.835001
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
This paper deals with an economic order quantity (EOQ) model for non-instantaneous deteriorating items with price and advertisement dependent demand pattern under the effect of inflation and time value of money over a finite planning horizon. In this model, shortages are allowed and partially backlogged. The backlogging rate is dependent on the waiting time for the next replenishment. This paper aids the retailer in minimising the total inventory cost by finding the optimal interval and the optimal order quantity. An algorithm is designed to find the optimum solution of the proposed model. Numerical examples are given to demonstrate the results. Also, the effect of changes in the different parameters on the optimal total cost is graphically presented and the implications are discussed in detail.
引用
收藏
页码：1762 / 1773
页数：12
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