Deterministic inventory models with nonlinear time-dependent and stock-dependent holding cost under non-increasing time-sensitive demand

R.P. Tripathi

International Journal of Economics and Business Research, 2018, vol. 16, issue 3, 326-336

Abstract: Researchers in the past have presented their economic order quantity (EOQ) models by considering that the demand rate is constant. However, it is not always true. This paper deals with an inventory model for nonlinear induced demand rate. Holding cost is considered as: 1) a nonlinear stock-dependent; 2) a nonlinear time induced. The optimal solution is derived in both cases. Numerical examples are discussed indicating the effects of nonlinearity in holding cost and demand.

Keywords: stock-dependent demand; inventory; time-induced; optimal; total cost; nonlinear. (search for similar items in EconPapers)
Date: 2018
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