An optimal EOQ inventory model for non-instantaneous deteriorating items with ramp type demand rate, time dependent holding cost and shortages

14th International Conference on Science, Engineering and Technology

自然科学;工业技术

Rangarajan, K.^1 ; Karthikeyan, K.^1

Department of Mathematics, School of Advanced Sciences, VIT University, Vellore

Tamilnadu

632014, India^1

关键词: Developed model;    Economic order quantity;    Inventory costs;    Inventory modeling;    Non-instantaneous deteriorating items;    Ramp type demand;    Replenishment policy;    Time-dependent deterioration;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/263/4/042153/pdf
DOI  :  10.1088/1757-899X/263/4/042153

来源: IOP

【 摘 要 】

An economic order quantity inventory model for non-instantaneous deteriorating items has been developed with ramp type demand rate, time dependent deterioration rate and time dependent holding cost. Shortages in inventory are allowed in this model, which is partially backlogged. The main objective of this model is to develop an optimal replenishment policy that minimizes the total average inventory cost. Numerical examples are used to illustrate the developed model.