EOQ Model for Deteriorating Items with Stock-Level-Dependent Demand Rate and Order-Quantity-Dependent Trade Credit
Joint Authors
Min, Jie
Ou, Jian
Zhong, Yuan-Guang
Liu, Xin-Bao
Source
Mathematical Problems in Engineering
Issue
Vol. 2014, Issue 2014 (31 Dec. 2014), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2014-12-16
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
This paper develops a generalized inventory model for exponentially deteriorating items with current-stock-dependent demand rate and permissible delay in payments.
In the model, the payment for the item must be made immediately if the order quantity is less than the predetermined quantity; otherwise, a fixed trade credit period is permitted.
The maximization of the average profit per unit of time is taken as the inventory system’s objective.
The necessary and sufficient conditions and some properties of the optimal solution to the model are developed.
Simple solution procedures are proposed to efficiently determine the optimal ordering policies of the considered problem.
Numerical example is also presented to illustrate the solution procedures obtained.
American Psychological Association (APA)
Min, Jie& Ou, Jian& Zhong, Yuan-Guang& Liu, Xin-Bao. 2014. EOQ Model for Deteriorating Items with Stock-Level-Dependent Demand Rate and Order-Quantity-Dependent Trade Credit. Mathematical Problems in Engineering،Vol. 2014, no. 2014, pp.1-14.
https://search.emarefa.net/detail/BIM-1046570
Modern Language Association (MLA)
Min, Jie…[et al.]. EOQ Model for Deteriorating Items with Stock-Level-Dependent Demand Rate and Order-Quantity-Dependent Trade Credit. Mathematical Problems in Engineering No. 2014 (2014), pp.1-14.
https://search.emarefa.net/detail/BIM-1046570
American Medical Association (AMA)
Min, Jie& Ou, Jian& Zhong, Yuan-Guang& Liu, Xin-Bao. EOQ Model for Deteriorating Items with Stock-Level-Dependent Demand Rate and Order-Quantity-Dependent Trade Credit. Mathematical Problems in Engineering. 2014. Vol. 2014, no. 2014, pp.1-14.
https://search.emarefa.net/detail/BIM-1046570
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1046570