Economic Production Quantity Models with Shortage, Price and Stock-Dependent Demand for Deteriorating Items
Publish Year: 1386
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IJE-20-2_006
تاریخ نمایه سازی: 20 اسفند 1400
Abstract:
This investigation presents an economic production quantity (EPQ) model for deteriorating items with stock-dependent demand and shortages. It is assumed that a constant fraction of the on-hand inventory deteriorates and demand rate depends upon the amount of the stock level. Expression for various optimal indices as well as cost analysis are provided. By taking numerical illustration, sensitivity analysis has been carried out. For cost optimization, Newton’s method is employed.
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Authors
S. Rathore
Mathematics, Dr.B.R.Ambedkar Open University
G. C. Sharma
Mathematics, I.B.S, AGRA
Madhu Jain
Department Of Mathematics, IIT Roorkee,Roorkee,India