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Innovative investigation of stock-sensitive demand induced economic order quantity (EOQ) model for deterioration by means of inconsistent holding cost functions

R. P. Tripathi
<span title="2020-03-10">2020</span> <i title="Springer Science and Business Media LLC"> <a target="_blank" rel="noopener" href="https://fatcat.wiki/container/wxtpc7l3qzds3ojx4uwv4dvlr4" style="color: black;">SN Applied Sciences</a> </i> &nbsp;

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This study, sets up an EOQ model for spoiling commodities by means of inventory tempt demand. 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. Next, approximate optimal solution for these models is derived. Optimal solution is obtained with the help of algorithm. Numerical results are established to validate the solution algorithm. Second order approximations are applied
more &raquo; ... r finding closed form outcomes. Sensitivity investigation is provided for variation of several key parameters to validate the model.
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Citation

R. P. Tripathi. "Innovative investigation of stock-sensitive demand induced economic order quantity (EOQ) model for deterioration by means of inconsistent holding cost functions." SN Applied Sciences 2.4 (2020)