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An EOQ Model for Deteriorating Items with Weibull Time-Dependent Demand Rate under Trade Credits

並列摘要


This paper presents an inventory model for deteriorating items with Weibull distribution time dependent demand rate under permissible delay in payments. Mathematica software is used for finding optimal numerical solutions; computational procedures are proposed to find optimal cycle time, optimal order quantity and total relevant cost of all four cases. Numerical examples show the applicability of the model. Sensitive analysis shows that the results are quite sensitive with the variation of various parameters. Mathematical models have been discussed under four different situations.

參考文獻


Huang, M. G.(2012).Economic Order Model for a Single- period Perishable Commodity with Volatile demand given a multi-tier return rebate policy.International Journal of Information and Management Sciences.23,129-147.
Aggarwal, S. P.,Jaggi, C. K.(1995).Ordering policies of deteriorating items under permissible delay in payments.Journal of operational research society.46,658-662.
Bierman, H.,Thomos, J.(1977).Inventory decisions under inflation condition.Decision Sciences.8,151-155.
Buzacott, J. K.(1975).Economic order quantities with inflation.Operations Research Quarterly.26,553-558.
Chandra, M. J.,Bahner, M. J.(1985).The effects of inflation and time value of money on some inventory systems.International Journal of Production Research.23,723-729.

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