DMCA
AN ORDER LEVEL INVENTORY MODEL FOR A DETERIORATING ITEM WITH QUADRATIC TIME-VARYING DEMAND, SHORTAGE AND PARTIAL BACKLOGGING (2014)
by
Swapan Kumar Manna
,
Kripasindhu Chaudhuri
BibTeX
@MISC{Manna14anorder,
author = {Swapan Kumar Manna and Kripasindhu Chaudhuri},
title = {AN ORDER LEVEL INVENTORY MODEL FOR A DETERIORATING ITEM WITH QUADRATIC TIME-VARYING DEMAND, SHORTAGE AND PARTIAL BACKLOGGING},
year = {2014}
}
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Abstract
An Economic Order Quantity (EOQ) model is developed for a deteriorating item having time-dependent demand and shortage. The deterioration rate is assumed to rise linearly with time and time-varying demand rate is taken to be a quadratic function of time. Shortages are also assumed to be partially backlogged. The model is first developed and solved analytically and then the results are illustrated with numerical examples. Justifications for considering a time-quadratic demand are discussed elaborately.
