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An Ordering Policy with Time-Proportional Deterioration, Linear Demand and Permissible Delay in Payment

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Computational Intelligence in Data Mining - Volume 3

Part of the book series: Smart Innovation, Systems and Technologies ((SIST,volume 33))

Abstract

In classical inventory models, demand is considered as constant, while in the practical cases the demand changes with time. This paper focuses an economic order quantity (EOQ) model for a deteriorating item with time-proportional deterioration rate and time-dependent linear demand rate under permissible delay in payment. The purpose of this study is to find the EOQ for minimizing the total variable cost. Finally, numerical examples are cited to illustrate the model.

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Acknowledgments

The authors are most grateful to two anonymous referees for their constructive comments.

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Authors and Affiliations

  1. Department of Mathematics, C. V. Raman College of Engineering, Bhubaneswar, 752054, Odisha, India

    Trailokyanath Singh

  2. Department of Mathematics, KIIT University, Bhubaneswar, 751024, Odisha, India

    Hadibandhu Pattanayak

Authors
  1. Trailokyanath Singh
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  2. Hadibandhu Pattanayak
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Corresponding author

Correspondence to Trailokyanath Singh .

Editor information

Editors and Affiliations

  1. School of Electrical and Information Engineering, University of South Australia, South Australia, Australia

    Lakhmi C. Jain

  2. Computer Science and Engineering, Veer Surendra Sai University of Technolo, Sambalpur, Odisha, India

    Himansu Sekhar Behera

  3. Computer Science & Engineering, Kalyani University, Nadia, West Bengal, India

    Jyotsna Kumar Mandal

  4. Dept. of Computer Science and Eng., National Institute of Technology Rourkela, Rourkela, India

    Durga Prasad Mohapatra

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Singh, T., Pattanayak, H. (2015). An Ordering Policy with Time-Proportional Deterioration, Linear Demand and Permissible Delay in Payment. In: Jain, L., Behera, H., Mandal, J., Mohapatra, D. (eds) Computational Intelligence in Data Mining - Volume 3. Smart Innovation, Systems and Technologies, vol 33. Springer, New Delhi. https://doi.org/10.1007/978-81-322-2202-6_59

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  • DOI: https://doi.org/10.1007/978-81-322-2202-6_59

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  • Publisher Name: Springer, New Delhi

  • Print ISBN: 978-81-322-2201-9

  • Online ISBN: 978-81-322-2202-6

  • eBook Packages: EngineeringEngineering (R0)

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