An EOQ model with variable holding cost and partial backlogging under credit limit policy and cash discount

Mohit Rastogi · S.R. Singh · Prashant Kushwah · Shilpy Tayal

24 citations0/0 files storedUncertain Supply Chain Management

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Supply Chain and Inventory Management Sustainable Supply Chain Management Working Capital and Financial Performance

Abstract

In this paper we develop an inventory model for deteriorating items with price sensitive demand.Generally the vendor offers a cash discount or fix time period to the retailer to pay all the dues.According to the availability of money the retailer chooses his/her option.In this paper we discuss the possible cases of permissible delay and cash discount.The shortages are allowed in this model and are partially backlogged.Holding cost is considered as varying function of time, which reflects a more realistic concept.The purpose of this study is to optimize the overall cost of the system and to compute optimal ordering quantity.Numerical examples for different cases are also presented to illustrate the study.A sensitivity analysis with regard to distinct associated parameters is shown to make sure the constancy of the model.

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References

2001Recent trends in modeling of deteriorating inventory 1991Survey of Literature on Continuously Deteriorating Inventory Models 1973Inventory Policy and Trade Credit Financing 1999An EOQ model for deteriorating items with time varying demand and partial backlogging 2004Optimal pricing and ordering policy under permissible delay in payments 2004An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages 2003An inventory system of ameliorating items for price dependent demand rate 1994EOQ models with general demand and holding cost functions

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2019An inventory system for varying deteriorating pharmaceutical items with price-sensitive demand and variable holding cost under partial backlogging in healthcare industries 2020Optimizing preservation strategies for deteriorating items with time-varying holding cost and stock-dependent demand 2021Optimization of Inventory Holding Cost Due to Price, Weight, and Volume of Items

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