EOQ model for deteriorating items with stock-dependent demand under inflation and trade credits

Rakesh P. Tripathi

International Journal of Productivity and Quality Management, 2017, vol. 21, issue 2, 229-244

Abstract: In this paper, an economic order quantity (EOQ) model is developed for deteriorating items with inflation under the condition of permissible delay in payment. In general, if the retailer orders a large quantity, the supplier usually willing to provide the retailer a permissible delay of payments. In this paper demand rate is considered as stock dependent. Mathematical model is then developed to determine the optimal cycle time and average cost. Next, we show that the average cost per unit time is a convex function of cycle time. Numerical examples are provided to illustrate the proposed model. Finally, sensitivity analysis of the optimal solution with respect to the parameters and some managerial relevance are discussed.

Keywords: inventory; stock-dependent demand; deterioration; credit period; inflation. (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=83775 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpqma:v:21:y:2017:i:2:p:229-244

Access Statistics for this article

More articles in International Journal of Productivity and Quality Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().