An EOQ model with two-parameter constant deterioration and price dependent demand
Author & Affiliation:
N.K. Sahoo
Maharaja Institute of Technology (M.I.T), Khurda, Bhubaneswar-752055 (INDIA)
C.K. Sahoo
Institute of Mathematics and Applications, Andhra Pradesh, Bhubanewar - 751003 (INDIA)
S.K. Sahoo
Institute of Mathematics and Applications, Andhra Pradesh, Bhubanewar - 751003 (INDIA)
Keyword:
Inventory, deterioration, price-dependent demand.
Issue Date:
August 2009
Abstract:
In this paper, inventory replenishment policy is developed for constant deteriorating item and price-dependent demand. The rate of deterioration is taken to be time proportional. A power law form of the price dependence of demand is considered and the numerical example is taken up to illustrate the solution procedure and sensitivity analysis is also carried out.
Pages:
515-520
ISSN:
2319-8044 (Online) - 2231-346X (Print)
Source:
PDF:
DOI:
jusps-A
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Copy the following to cite this article:
N. Sahoo; C. Sahoo; S. Sahoo, "An EOQ model with two-parameter constant deterioration and price dependent demand", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 2, Page Number 515-520, 2018Copy the following to cite this URL:
N. Sahoo; C. Sahoo; S. Sahoo, "An EOQ model with two-parameter constant deterioration and price dependent demand", Journal of Ultra Scientist of Physical Sciences, Volume 21, Issue 2, Page Number 515-520, 2018Available from: https://www.ultrascientist.org/paper/1218/
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