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EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function

2011
*
International Journal of Operations Research and Information Systems
*

In this paper the authors consider the continuous deterministic, infinite horizon, single item inventory system within the setting of a retailer sector in which the

doi:10.4018/joris.2011070106
fatcat:4o42tisibfeebmziqvyuvghrze
*demand**rate*for an item is*time**dependent*... The optimal policies are found,*and*decision rules*and*classical*EOQ**model*have been obtained by considering two different*models*. Numerical examples are given to illustrate the proposed*models*. ... (2009) obtained an*EOQ**model*for perishable items*with*power*demand**and*partial backlogging in which he considered*demand**rate*is*time*-*dependent*. ...##
###
Inventory model with different demand rate and different holding cost

2013
*
International Journal of Industrial Engineering Computations
*

This paper deals

doi:10.5267/j.ijiec.2013.03.001
fatcat:jbzdszqa3ve6dmiabkaecmcn2y
*with*the development of an inventory*model*for*time*varying*demand**and*constant*demand*;*and**time**dependent**holding**cost**and*constant*holding**cost*for case 1*and*case 2 respectively. ... Mathematical*model*has been developed for determining the optimal order quantity, the optimal cycle*time**and*optimal total inventory*cost*for both cases. ... Acknowledgments The author would like to express his heartfelt thanks to anonymous referees*and*editor for their most valuable comments*and*constructive suggestions that have led to a significant improvement ...##
###
Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost

2014
*
Reserche operationelle
*

Variable

doi:10.1051/ro/2013058
fatcat:zp7m34qrjbbdbfvujijfdnogye
*holding**cost**models*assume the*holding**cost*per unit per*time*period to be a*function*of the*time*spent in storage. ... In this paper, the three simplifying assumptions are simultaneously relaxed in a new production-inventory system*with*a finite production*rate*, stock-level*dependent**demand**rate*,*and*variable*holding**cost*... The author is grateful to the Fulbright Foundation for the funding of this research,*and*to the University of North Carolina, Charlotte, for the kind hospitality. ...##
###
An Evolutionary Based Optimization for Price Varying Demand Inventory Model with Linear Holding Cost

2021
*
Journal of scientific research
*

*Model*is developed by assuming

*cost*of sale sensitive market

*demand*, continuous

*time*varying

*holding*

*cost*,

*and*exponential distributed deterioration under partial shortages

*with*

*time*

*dependent*backlog ... The formulated

*model*will be useful for single as well as multi tier food processing supply chains. Profit

*function*of the

*model*is formed by considering various

*cost*components of the

*model*. ... MATHEMATICAL

*MODEL*In this study, an

*EOQ*inventory

*model*by considering price varying

*demand*, exponential deterioration

*and*

*time*

*dependent*linear

*holding*

*cost*is developed. ...

##
###
An optimal EOQ inventory model for non-instantaneous deteriorating items with ramp type demand rate, time dependent holding cost and shortages

2017
*
IOP Conference Series: Materials Science and Engineering
*

An economic order quantity inventory

doi:10.1088/1757-899x/263/4/042153
fatcat:b62jjhra5rhzjm4mlb5k6hjj7i
*model*for non-instantaneous deteriorating items has been developed*with*ramp type*demand**rate*,*time**dependent*deterioration*rate**and**time**dependent**holding**cost*. ... The main objective of this*model*is to develop an optimal replenishment policy that minimizes the total average inventory*cost*. Numerical examples are used to illustrate the developed*model*. ... An*EOQ**models*for non-instantaneous deteriorating items [6] is developed*with*cubic*demand**rate*,*time**dependent**holding**cost**and*allowed permissible delay in payments. ...##
###
Analysis of an EOQ inventory model with partial backordering and non-linear unit holding cost

2015
*
Omega : The International Journal of Management Science
*

The backordering

doi:10.1016/j.omega.2015.01.007
fatcat:fzpz5dtzbne5vjvduc3ykmwenq
*cost*includes a fixed*cost**and*a*cost*linearly*dependent*on the length of*time*for which backorder exists. ... the item in the warehouse*and*a variable*cost*given by a potential*function*of the length of*time*over which the item is held in stock. ... Alfares [1] developed the inventory policy for an item*with*a stocklevel*dependent**demand**rate**and*a storage-*time**dependent**holding**cost*. ...##
###
An EOQ model for weibull distribution deterioration with time-dependent cubic demand and backlogging

2017
*
IOP Conference Series: Materials Science and Engineering
*

In this paper, an attempt has been made to develop an inventory

doi:10.1088/1757-899x/263/4/042132
fatcat:mv7ijnm33vbh3dscim4e2zg5e4
*model*for deteriorating items*with*uniform replenishment*rate**with*power form*demand**and*without shortages. ... The*rate*of deterioration is a cubic polynomial as a*function*of*time*. ... Roy (2008) developed a deterministic inventory*model*when the deterioration*rate*is*time*proportional.*Demand**rate*is a*function*of selling price*and**holding**cost*is*time**dependent*. ...##
###
Quadratic demand, Variable holding cost with Time Dependent Deterioration without Shortages and Salvage Value

2017
*
IOSR Journal of Mathematics
*

This

doi:10.9790/5728-1302055966
fatcat:zttmrlfkc5edjprpfzzf6rlota
*model*has been developed considering*demand**function*as quadratic*with*respect to*time**and*salvage value is associated to the deteriorated items. ... In this paper, an attempt has been made to study deterministic inventory*models*for deteriorating items*with*variable*holding**cost*. ... Mohan*and*Venkateswarlu (2013a) studied an*EOQ**models**with**holding**cost*as*function*of*time**and*salvage value. ...##
###
An EOQ Model with Polynomial of Nth Degree Demand Rate, Constant Deterioration, Linear Holding Cost and Without Shortages under Inflation

2016
*
IOSR Journal of Mathematics
*

*with*price

*dependent*

*demand*

*and*

*time*varying

*holding*

*cost*under trade credi, issue-1. ... In this paper, an inventory

*model*is developed where

*demand*

*rate*is generalized as a polynomial of n th degree

*with*constant deterioration

*rate*. The

*holding*

*cost*is a linear

*function*of

*time*. ... The

*model*is very practical for the industries in which the

*demand*

*rate*is

*depending*upon the

*time*

*and*

*holding*

*cost*is linear

*function*

*with*inflation. ...

##
###
Inventory control with deteriorating items: A state-of-the-art literature review

2014
*
International Journal of Industrial Engineering Computations
*

In the mentioned tables, the papers were classified in terms of the type of

doi:10.5267/j.ijiec.2013.11.003
fatcat:r3stjx4bwvempboxb5b5ei3bjy
*demand**rate*, deterioration*rate*, solution procedure*and*findings. ... Finally, the summary of the studies is shown in two tables for oneechelon*and*multi-echelon supply chain including the main information*and*assumptions of each paper. ... Alfares (2007) considered an inventory control*model**with*inventory*dependent**demand**and*variable*holding**cost*where the*holding**cost*was*dependent*upon shortage*time*. ...##
###
An Inventory Model for Perishable Items Having Constant Demand with Time Dependent Holding Cost

2016
*
Mathematics and Statistics
*

This paper presents an inventory

doi:10.13189/ms.2016.040202
fatcat:pd2ushuh6reuzijixeuxqple54
*model*for perishable items*with*constant*demand*, for which*holding**cost*increases*with**time*, the items considered in the*model*are deteriorating items*with*a constant*rate*... In this paper the*time**dependent*linear*holding**cost*has been considered, the*holding**cost*for the items increases*with**time*. The approximate optimal solution has been obtained. ... Earlier Muhlemann & Spanopoulos [10] revised the classical*EOQ**model**with**time**dependent**holding**cost**and*permissible delay in payments. ...##
###
An EOQ model for time-dependent deteriorating items with alternating demand rates allowing shortages by considering time value of money

2013
*
Yugoslav Journal of Operations Research
*

The

doi:10.2298/yjor130120022k
fatcat:ic2qxkk4xfhnreg5wce2fepzhm
*holding**cost**and*shortage*cost*are taken as a linear*function*of*time*. The total*cost**function*per unit*time*is obtained. ... The present paper deals*with*an economic order quantity (*EOQ*)*model*of an inventory problem*with*alternating*demand**rate*: (i) For a certain period, the*demand**rate*is a non linear*function*of the instantaneous ... This*model*will run*with**time*-*dependent**holding**and*shortage*cost*. Here we have taken two-component*demand*. ...##
###
Innovative investigation of stock-sensitive demand induced economic order quantity (EOQ) model for deterioration by means of inconsistent holding cost functions

2020
*
SN Applied Sciences
*

*Holding*

*cost*is measured as portion of inventory echelon for

*model*I

*and*linearly stock

*dependent*for

*model*II. Mathematical

*models*are also presented for these two

*models*. ... This study, sets up an

*EOQ*

*model*for spoiling commodities by means of inventory tempt

*demand*. ... Giri

*and*Chaudhuri [6] established

*EOQ*

*model*for unpreserved item for consumption

*with*stock-associated

*demand*

*and*erratic

*holding*

*cost*. ...

##
###
Fuzzy Inventory Model with Single Item Under Constant Demand and Time Dependent Holding Cost

2016
*
Zenodo
*

The objective of this

doi:10.5281/zenodo.3977361
fatcat:l2cm2ynmyrfp5m3gewvbcf72lq
*model*is to discuss the inventory*model*for constant*demand**and**time**dependent**holding**cost*. ... Mathematical*model*has been developed for determining the optimal order quantity, the optimal cycle*time**and*optimal total inventory*cost*in fuzzy environment. ... Goh (1994) [6] presented an*EOQ**model**with*general*demand**and**holding**cost**function**and**demand**rate*for an item was considered as a*function*of existing inventory level*and*carrying*cost*per unit was ...##
###
A Concept on Order Quantity at Varying Cost in Variable Rate of Production Situation

2019
*
International journal of recent technology and engineering
*

This study is based on a

doi:10.35940/ijrte.c1024.1083s219
fatcat:h2doqeqhr5bq7p6nvmltdjtl5m
*model*for stock*with*multi-item*and*when per unit*cost*is*dependent*on*demand**and*crashing*cost*of leading*time*is*dependent*on lead*time*. ... Traditional*EOQ*theory, assumes majorly two factors that is*demand**and*per unit*cost*. It is assumed that*demand*remains constant*and*can be determined at any level. ... This study is based on a*model*for stock*with*multi-item*and*when per unit*cost*is*dependent*on*demand**and*crashing*cost*of leading*time*is*dependent*on lead*time*. ...
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