Neutrosophic EOQ Model with Price Break
Inventory control of an ideal resource is the most important one which fulfils various activities (functions) of an organisation. The supplier gives the discount for an item in the cost of units inorder to motivate the buyers (or) customers to purchase the large quantity of that item. These discount...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of New Mexico
2018-03-01
|
| Series: | Neutrosophic Sets and Systems |
| Subjects: | |
| Online Access: | http://fs.gallup.unm.edu/NSS/NeutrosophicEOQModel.pdf |
| Summary: | Inventory control of an ideal resource is the most important one which fulfils various activities (functions) of an organisation. The supplier gives the discount for an item in the cost of units inorder to motivate the buyers (or) customers to purchase the large quantity of that item. These discounts take the form of price breaks where purchase cost is assumed to be constant. In this paper an EOQ model with price break in inventory model is developed to obtain its optimum solution by assuming neutrosophic demand and neutrosophic purchasing cost as triangular neutrosophic numbers. A numerical example is provided to illustrate the proposed model. |
|---|---|
| ISSN: | 2331-6055 2331-608X |