A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles
A finite time-horizon deterministic inventory model is developed, taking the demand rate at any instant to be a function of the on-hand inventory (stock-level) at that instant. Shortages in inventory are allowed. The effects of inflation and time value of money are considered. Two separate inflation...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Belgrade
2007-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2007/0354-02430702195R.pdf |
| _version_ | 1811314853633064960 |
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| author | Roy T. Chaudhuri K.S. |
| author_facet | Roy T. Chaudhuri K.S. |
| author_sort | Roy T. |
| collection | DOAJ |
| description | A finite time-horizon deterministic inventory model is developed, taking the demand rate at any instant to be a function of the on-hand inventory (stock-level) at that instant. Shortages in inventory are allowed. The effects of inflation and time value of money are considered. Two separate inflation rates: namely, the internal (company) and the external (general economy) are introduced. A numerical example of the model is discussed. A sensitivity analysis of the optimal solution with respect to the parameters of the model is examined. |
| first_indexed | 2024-04-13T11:19:50Z |
| format | Article |
| id | doaj.art-570a05d94f9348ab9d1c274ec60ae9a4 |
| institution | Directory Open Access Journal |
| issn | 0354-0243 1820-743X |
| language | English |
| last_indexed | 2024-04-13T11:19:50Z |
| publishDate | 2007-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj.art-570a05d94f9348ab9d1c274ec60ae9a42022-12-22T02:48:52ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02431820-743X2007-01-0117219520710.2298/YJOR0702195RA finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cyclesRoy T.Chaudhuri K.S.A finite time-horizon deterministic inventory model is developed, taking the demand rate at any instant to be a function of the on-hand inventory (stock-level) at that instant. Shortages in inventory are allowed. The effects of inflation and time value of money are considered. Two separate inflation rates: namely, the internal (company) and the external (general economy) are introduced. A numerical example of the model is discussed. A sensitivity analysis of the optimal solution with respect to the parameters of the model is examined.http://www.doiserbia.nb.rs/img/doi/0354-0243/2007/0354-02430702195R.pdfinventorystock-dependent demandshortageinflationtime value of money |
| spellingShingle | Roy T. Chaudhuri K.S. A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles Yugoslav Journal of Operations Research inventory stock-dependent demand shortage inflation time value of money |
| title | A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles |
| title_full | A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles |
| title_fullStr | A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles |
| title_full_unstemmed | A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles |
| title_short | A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles |
| title_sort | finite time horizon deterministic eoq model with stock dependent demand effects of inflation and time value of money with shortages in all cycles |
| topic | inventory stock-dependent demand shortage inflation time value of money |
| url | http://www.doiserbia.nb.rs/img/doi/0354-0243/2007/0354-02430702195R.pdf |
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