Finite horizon EOQ model for non-instantaneous deteriorating items with price and advertisement dependent demand and partial backlogging under inflation

Muthusamy Palanivel · Ramasamy Uthayakumar

65 citations0/0 files storedInternational Journal of Systems Science

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Supply Chain and Inventory Management Sustainable Supply Chain Management Optimization and Mathematical Programming

Abstract

This paper deals with an economic order quantity (EOQ) model for non-instantaneous deteriorating items with price and advertisement dependent demand pattern under the effect of inflation and time value of money over a finite planning horizon. In this model, shortages are allowed and partially backlogged. The backlogging rate is dependent on the waiting time for the next replenishment. This paper aids the retailer in minimising the total inventory cost by finding the optimal interval and the optimal order quantity. An algorithm is designed to find the optimum solution of the proposed model. Numerical examples are given to demonstrate the results. Also, the effect of changes in the different parameters on the optimal total cost is graphically presented and the implications are discussed in detail.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 65 citations exist upstream.

References

2021Applied Mathematical Sciences 1962International Journal of Production Research 2001Recent trends in modeling of deteriorating inventory 1971Marketing Decision Making: A Model Building Approach 1975Economic Order Quantities with Inflation 2005An optimal replenishment policy for non-instantaneous deteriorating items with stock-dependent demand and partial backlogging 1999An EOQ model for deteriorating items with time varying demand and partial backlogging 1974A Generalized EOQ Model for Items with Weibull Distribution Deterioration

Cited by

2019Non-instantaneous deteriorating inventory model under the joined effect of trade-credit, preservation technology and advertisement policy 2015Optimal Lot Sizing Policy for Non-instantaneous Deteriorating Items with Price and Advertisement Dependent Demand Under Partial Backlogging 2015Inventorymanagement for fresh produce when the time-varying demand depends on product freshness, stock level and expiration date 2022Sustainable fuzzy inventory model for deteriorating item with partial backordering along with social and environmental responsibility under the effect of learning

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.