Abstract
This article deals with an EOQ (Economic Order Quantity) model for finite replenishment rate where demand and deterioration rate are both time-dependent. In this model, the retailers are allowed a trade-credit offer by the suppliers to buy more items with different discount rates on the purchasing costs. During the credit period, the retailers can earn more by selling their products. The interest on purchasing cost is charged for the delay of payment by the retailers. Some of the items may deteriorate in the course of time. In this regard, the author develops an EOQ model for time varying deterioration rate. The profit function of the model is maximized. Finally, a numerical example and graphical illustrations are used to illustrate the model.
| Original language | English |
|---|---|
| Pages (from-to) | 367-377 |
| Number of pages | 11 |
| Journal | Mathematical and Computer Modelling |
| Volume | 55 |
| Issue number | 3-4 |
| DOIs | |
| Publication status | Published - 2012 Feb 1 |
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All Science Journal Classification (ASJC) codes
- Modelling and Simulation
- Computer Science Applications
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An EOQ model with delay in payments and time varying deterioration rate. / Sarkar, Biswajit.
In: Mathematical and Computer Modelling, Vol. 55, No. 3-4, 01.02.2012, p. 367-377.Research output: Contribution to journal › Article
TY - JOUR
T1 - An EOQ model with delay in payments and time varying deterioration rate
AU - Sarkar, Biswajit
PY - 2012/2/1
Y1 - 2012/2/1
N2 - This article deals with an EOQ (Economic Order Quantity) model for finite replenishment rate where demand and deterioration rate are both time-dependent. In this model, the retailers are allowed a trade-credit offer by the suppliers to buy more items with different discount rates on the purchasing costs. During the credit period, the retailers can earn more by selling their products. The interest on purchasing cost is charged for the delay of payment by the retailers. Some of the items may deteriorate in the course of time. In this regard, the author develops an EOQ model for time varying deterioration rate. The profit function of the model is maximized. Finally, a numerical example and graphical illustrations are used to illustrate the model.
AB - This article deals with an EOQ (Economic Order Quantity) model for finite replenishment rate where demand and deterioration rate are both time-dependent. In this model, the retailers are allowed a trade-credit offer by the suppliers to buy more items with different discount rates on the purchasing costs. During the credit period, the retailers can earn more by selling their products. The interest on purchasing cost is charged for the delay of payment by the retailers. Some of the items may deteriorate in the course of time. In this regard, the author develops an EOQ model for time varying deterioration rate. The profit function of the model is maximized. Finally, a numerical example and graphical illustrations are used to illustrate the model.
UR - http://www.scopus.com/inward/record.url?scp=84855186691&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84855186691&partnerID=8YFLogxK
U2 - 10.1016/j.mcm.2011.08.009
DO - 10.1016/j.mcm.2011.08.009
M3 - Article
AN - SCOPUS:84855186691
VL - 55
SP - 367
EP - 377
JO - Mathematical and Computer Modelling
JF - Mathematical and Computer Modelling
SN - 0895-7177
IS - 3-4
ER -