An EOQ model for a deteriorating item with non-linear demand under inflation and a trade credit policy

S.K. Manna, K.S. Chaudhuri
2005 Yugoslav Journal of Operations Research  
This paper develops an infinite time-horizon deterministic economic order quantity (EOQ) inventory model with deterioration based on discounted cash flows (DCF) approach where demand rate is assumed to be non-linear over time. The effects of inflation and time-value of money are also taken into account under a trade-credit policy of type " 1 / T α net T". The results are illustrated with a numerical example. Sensitivity analysis of the optimal solution with respect to the parameters of the
more » ... ameters of the system is carried out.
doi:10.2298/yjor0502209m fatcat:5yjeptabrvfbnem2fdgp25oum4