Work

An optimal policy for deteriorating items with time-proportional deterioration rate and constant and time-dependent linear demand rate

Year: 2017

Type: article

Abstract: In this paper, an economic order quantity (EOQ) inventory model for a deteriorating item is developed with the following characteristics: The optimal cycle time and the optimal order quantity have been derived by minimizing the total average cost. A simple solution procedure is provided to illustrate the proposed model. The article concludes with a numerical example and sensitivity analysis of various parameters as illustrations of the theoretical results.

Source: Journal of industrial engineering international

DOI: 10.1007/s40092-017-0198-6

Authors: Trailokyanath Singh, Pandit Jagatananda Mishra, Hadibandhu Pattanayak

Institution: Ravenshaw University

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2604127939

FWCI: 5.143

Cites: 37

Cited by: 25

Related to: 10