EOQ model for deteriorating items having constant and time-dependent demand rate

EOQ model for deteriorating items having constant and time-dependent demand rate

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Article ID: iaor20082883
Country: India
Volume: 44
Issue: 3
Start Page Number: 251
End Page Number: 260
Publication Date: Sep 2007
Journal: OPSEARCH
Authors: ,
Keywords: economic order, deteriorating items
Abstract:

In this paper, an infinite time-horizon inventory model has been developed for deteriorating items assuming the demand rate to be constant for some time and then as a linear function of time. The theoretical expressions are obtained for optimum inventory level and total average cost. The model is illustrated with the help of numerical example. Sensitivity analysis has also been conducted to study the effect of the parameter on optimum policies.

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