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Innovation of Economic Order Quantity (EOQ) Model for Deteriorating Items with Time-Linked Quadratic Demand Under Non-decreasing Shortages

  • R. P. TripathiEmail author
Original Paper
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Abstract

Demand for several variety of commodity depends on its nature like; price, corrosion and time. In most inventory models demand is considered constant or time-dependent. In this study, we set up a deterministic EOQ for weakening stuffs when demand is quadratic time linked. Shortages are permitted and totally backlogged. Mathematical representation is derived and then some constructive outcomes is framed to demonstrate most favorable answers. Numerical illustrations are incorporated to demonstrate the optimal clarification. Sensitivity analysis with effects of system constraints is provided to scrutinize the nature of representation. Mathematica 7.1 software is employed to get arithmetical results.

Keywords

Deterioration Quadratic time unstable demand Time-dependent shortage Inventory 

Notes

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Copyright information

© Springer Nature India Private Limited 2019

Authors and Affiliations

  1. 1.Department of Applied Sciences and HumanitiesKNITSultanpurIndia

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