Advertisement

Decaying Objects of Constant Demand Speed and Dependent of Time Within Permitted Delay in Imbursement of the Model of Inventory Level

  • Jasvinder Kaur
  • Arun Kumar
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 624)

Abstract

This paper has an economic order quantity (EOQ) replica which is generated used for a decaying products having time dependent on demand. If late payment is allowable decaying value is considered to be fixed and time dependent on demand value is assumed to be a constant function of time. Models of mathematics is also taken from the two dissimilar cases, that is, for case (1): The financial standing time period is equal to or less than to the sequence time period used for an account settlement and for case (2): The financial standing time period is greater than the sequence time period used for an account settlement. And the outcomes are explained with mathematical examples. Explanation for analyzing a time constant demand and allowable late payment are tacked about.

Keywords

Decaying product Deterioration Constant demand Permissible delay in payment Inventory 

References

  1. 1.
    S. K. Goyal, B.C. Gin, Recent trends in modeling of deteriorating inventory, European journal of operational research, 134(2001) 1–16.Google Scholar
  2. 2.
    Biswajit Sarkar, An EOQ Model with delay in payments and time varying deterioration rate, mathematical and computer modeling, 56 (2012) 367–377.Google Scholar
  3. 3.
    S. Khanra, S. K. Ghosh, K. S. Chaudhun, An EOQ model for a deteriorating item with time dependent quadratic demand under permissible delay in payment, Applied mathematics and computation, 218 (2011) 1–9.Google Scholar
  4. 4.
    Biswajit Sarkar, Shib Sankar Sana, Kripasindhu Chaudhun, An imperfect production process for time varying demand with inflation and time value of money- An EMQ Model, Expert systems with applications, 38 (2011) 13543–13548.Google Scholar
  5. 5.
    A. K. Bhunia, Chandra K. Jaggi, Anuj Sharma, Ritu Sharma, A two warehouse inventory model for deteriorating items under permissible delay in payment with partial backlogging, Applied mathematics and computation, 232 (2014) 1125–1137.Google Scholar
  6. 6.
    Ruxian Li, Hongjie Lan, John R. Mawhinney, A review on deteriorating inventory study, service science & management, 3 (2010) 117–129.Google Scholar
  7. 7.
    Yung-Fu Huang, An inventory model under two levels of trade credit and limited storage space derived without derivatives, Applied mathematical modeling, 30 (2006) 418–436.Google Scholar
  8. 8.
    Julia Pahi, Stefan VoB, Integrating deteriorating and lifetime constraints in production and supply chain planning: A survey, European journal of operational research, 238 (2014) 654–674.Google Scholar
  9. 9.
    C. Lin, B. Tan, W. C. Lee, An EOQ Model for deteriorating items with time- varying demand and shortages, International journal of systems science, 31(3) (2000) 391–400.Google Scholar
  10. 10.
    A. K. Jalan, R. R. Giri, K. S. Chaudhuri, EOQ model for items with weibull distribution deterioration, shortages and trended demand, International journal of systems science, 27(9) (1996) 851–855.Google Scholar
  11. 11.
    M. Hariga, An EOQ Model for deteriorating items with shortages and time- varying demand, Journal of operational research society, 46 (1995) 398–404.Google Scholar
  12. 12.
    Shib Sankar Sana, K. S. Chaudhum, A deterministic EOQ model with delays in payments and price-discount offers, European journal of operational research, 184 (2008) 509–533.Google Scholar

Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.Department of MathematicsBFITDehradunIndia
  2. 2.Department of ManagementSanjivani Parenteral Ltd.DehradunIndia

Personalised recommendations