Analyzing EOQ model for imperfect items with time dependent demand under substitution of two products
Year: 2024
Type: article
Abstract: The inventory model is based on the quantity of order and the time at which orders for particular goods are to be placed. In this paper, models with defective items have been discussed and the EOQ approach has been shown. One-way substitution of item is used in case of scarcity of the first item. The demand for the items is based on the Heaviside function. It is noticed that the presence of defective items hampers the demand of the two items differently. To establish the virtue of our model, a numerical example and sensitivity analysis is imparted.
Authors: Chaman Singh, Gurudatt Rao Ambedkar, Jyoti Kohli, Roopesh Tehri
Institution: University of Delhi
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4403474422