文章基本信息

标题：An Ordering Policy for Deteriorating Items with Time-Dependent Quadratic Demand and Salvage Value under Permissible Delay in Payment
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作者：Trailokyanath Singh ; Madan Mohan Muduly ; Chittaranjan Mallick 等
期刊名称：American Journal of Operations Research
印刷版ISSN：2160-8830
电子版ISSN：2160-8849
出版年度：2019
卷号：9
期号：5
页码：201-218
DOI：10.4236/ajor.2019.95013
语种：English
出版社：Scientific Research Pub
摘要：The article deals with an economic order quantity (EOQ) inventory model for deteriorating items in which the supplier provides the purchaser a permissible delay in payment. This is so when deterioration of units in the inventory is subject to constant deterioration rate, demand rate is quadratic function of time and salvage value is associated with the deteriorated units. Shortages in the system are not allowed to occur. A mathematical formulation is developed when the supplier offers a permissible delay period to the customers under two circumstances: 1) when delay period is less than the cycle of time; and 2) when delay period is greater than the cycle of time. The method is suitable for the items like state-of-the-art aircrafts, super computers, laptops, android mobiles, seasonal items and machines and their spare parts. A solution procedure algorithm is given for finding the optimal order quantity which minimizes the total cost of an inventory system. The article includes numerical examples to support the effectiveness of the developed model. Finally, sensitivity analysis on some parameters on optimal solution is provided.
关键词：Constant Deterioration RateDeteriorating ItemsEconomic Order QuantityPermissible Delay in PaymentSalvage ValueTime-Dependent Quadratic Demand Rate