An EOQ model for deteriorating items under supplier credits when demand is stock dependent
In many circumstances retailer is not able to settle the account as soon as items are received. In that scenario supplier can offer two promotional schemes namely cash discount and /or a permissible delay to the customer. In this study, an EOQ model is developed when units in inventory deteriorate a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Belgrade
2010-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431001145S.pdf |
| _version_ | 1828745832635039744 |
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| author | Shah Nita H. Mishra Poonam |
| author_facet | Shah Nita H. Mishra Poonam |
| author_sort | Shah Nita H. |
| collection | DOAJ |
| description | In many circumstances retailer is not able to settle the account as soon as items are received. In that scenario supplier can offer two promotional schemes namely cash discount and /or a permissible delay to the customer. In this study, an EOQ model is developed when units in inventory deteriorate at a constant rate and demand is stock dependent. The salvage value is associated to deteriorated units. An algorithm is given to find the optimal solution. The sensitivity analysis is carried out to analyze the effect of critical parameters on optimal solution. |
| first_indexed | 2024-04-14T04:11:55Z |
| format | Article |
| id | doaj.art-885da4a3e1a444c381b2160bdf810052 |
| institution | Directory Open Access Journal |
| issn | 0354-0243 1820-743X |
| language | English |
| last_indexed | 2024-04-14T04:11:55Z |
| publishDate | 2010-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj.art-885da4a3e1a444c381b2160bdf8100522022-12-22T02:13:06ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02431820-743X2010-01-0120114515610.2298/YJOR1001145SAn EOQ model for deteriorating items under supplier credits when demand is stock dependentShah Nita H.Mishra PoonamIn many circumstances retailer is not able to settle the account as soon as items are received. In that scenario supplier can offer two promotional schemes namely cash discount and /or a permissible delay to the customer. In this study, an EOQ model is developed when units in inventory deteriorate at a constant rate and demand is stock dependent. The salvage value is associated to deteriorated units. An algorithm is given to find the optimal solution. The sensitivity analysis is carried out to analyze the effect of critical parameters on optimal solution.http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431001145S.pdfdeteriorationsalvage valuecash discounttrade creditstock dependent demand |
| spellingShingle | Shah Nita H. Mishra Poonam An EOQ model for deteriorating items under supplier credits when demand is stock dependent Yugoslav Journal of Operations Research deterioration salvage value cash discount trade credit stock dependent demand |
| title | An EOQ model for deteriorating items under supplier credits when demand is stock dependent |
| title_full | An EOQ model for deteriorating items under supplier credits when demand is stock dependent |
| title_fullStr | An EOQ model for deteriorating items under supplier credits when demand is stock dependent |
| title_full_unstemmed | An EOQ model for deteriorating items under supplier credits when demand is stock dependent |
| title_short | An EOQ model for deteriorating items under supplier credits when demand is stock dependent |
| title_sort | eoq model for deteriorating items under supplier credits when demand is stock dependent |
| topic | deterioration salvage value cash discount trade credit stock dependent demand |
| url | http://www.doiserbia.nb.rs/img/doi/0354-0243/2010/0354-02431001145S.pdf |
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