An EOQ model for deteriorating items with price- and stock-dependent selling rates under inflation and time value of money

被引:72
|
作者
Hou, K. -L. [1 ]
Lin, L. -C.
机构
[1] Overseas Chinese Inst Technol, Grad Sch Management, Taichung, Taiwan
[2] Natl Chin Yi Inst Technol, Dept Business Adm, Taiping, Taiwan
关键词
inventory; pricing; stock-dependent selling rate; inflation; deteriorating;
D O I
10.1080/00207720601014206
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 study applies the discounted cash flow (DCF) approach For the analysis of' a replenishment problem over a finite planning horizon. Thus. a deterministic economic order quantity (EOQ) inventory model taking into account iflation and time value of money is developed for deteriorating items with price- and stock-dependent selling rates. An efficient Solution procedure is presented to determine the optimal number of replenishment, the cycle time and selling price. Then the optimal order quantity and the total present Value of' profits are obtained. Numerical examples are presented to illustrate the proposed model and particular cases of the model are also discussed.
引用
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页码:1131 / 1139
页数:9
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