Deterministic EOQ models for non linear time induced demand and different holding cost functions

DOI:

https://doi.org/10.24297/jam.v12i2.559

Keywords:

Deterioration, inventory, non-linear holding cost, EOQ Model

Abstract

This paper presents an Economic order quantity (EOQ) model for deteriorating items. The demand rate is non-linear function of time. In this paper two models have been derived for different holding costs (i) The holding cost is linear function of the on hand inventory level. (ii). A non-linear function of time for which the item is kept in the stock. Optimization is done for both the models and numerical examples are presented to check the feasibility of the optimal solutions. Sensitivity analysis is also presented with respect to the various parameters used in the numerical example.

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Published

2016-04-15

How to Cite

Deterministic EOQ models for non linear time induced demand and different holding cost functions. (2016). JOURNAL OF ADVANCES IN MATHEMATICS, 12(2), 5949–5959. https://doi.org/10.24297/jam.v12i2.559

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Articles