Article ID: | iaor2006716 |
Country: | Serbia |
Volume: | 15 |
Issue: | 2 |
Start Page Number: | 209 |
End Page Number: | 220 |
Publication Date: | Jan 2005 |
Journal: | Yugoslav Journal of Operations Research |
Authors: | Chaudhuri K.S., Manna S.K. |
Keywords: | economic order, inflation |
This paper develops an infinite time-horizon deterministic economic order quantity (EOQ) inventory model with deterioration based on discounted cash flows (DCF) approach where demand rate is assumed to be non-linear over time. The effects of inflation and time-value of money are also taken into account under a trade-credit policy of a type “α/