Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value
In the present study, we analyze an economic order quantity (EOQ) model for deteriorating surroundings under the quadratic time-linked demand with parabolic time changeable holding cost related with salvage value. Mathematical formulation and solution procedure is developed for determining the most...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Operations research society of Taiwan
2018-09-01
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| Series: | International Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.orstw.org.tw/ijor/vol15no3/IJOR2018_vol15_no3_p135_p144.pdf |
| _version_ | 1818319856520396800 |
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| author | R.P. Tripathi Shweta Singh Tomar |
| author_facet | R.P. Tripathi Shweta Singh Tomar |
| author_sort | R.P. Tripathi |
| collection | DOAJ |
| description | In the present study, we analyze an economic order quantity (EOQ) model for deteriorating surroundings
under the quadratic time-linked demand with parabolic time changeable holding cost related with salvage value. Mathematical formulation and solution procedure is developed for determining the most advantageous solution. The theoretical expressions are obtained for finest cycle time and order quantity. The result is verified with the help of numerical
examples.Sensitivity investigation and graphical representations are used to study the outcome with a choice of parameters. |
| first_indexed | 2024-12-13T10:15:46Z |
| format | Article |
| id | doaj.art-d47553d3a57e4fbb872c456474026542 |
| institution | Directory Open Access Journal |
| issn | 1813-713X 1813-7148 |
| language | English |
| last_indexed | 2024-12-13T10:15:46Z |
| publishDate | 2018-09-01 |
| publisher | Operations research society of Taiwan |
| record_format | Article |
| series | International Journal of Operations Research |
| spelling | doaj.art-d47553d3a57e4fbb872c4564740265422022-12-21T23:51:18ZengOperations research society of TaiwanInternational Journal of Operations Research1813-713X1813-71482018-09-0115313514410.6886/IJOR.201809_15(3).0003Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage ValueR.P. Tripathi0Shweta Singh Tomar1Department of Applied Sciences and Humanities, KNIT, Sultanpur, UP, IndiaDepartment of Mathematics, Indo Global College of Engineering, Abhipur (Punjab)In the present study, we analyze an economic order quantity (EOQ) model for deteriorating surroundings under the quadratic time-linked demand with parabolic time changeable holding cost related with salvage value. Mathematical formulation and solution procedure is developed for determining the most advantageous solution. The theoretical expressions are obtained for finest cycle time and order quantity. The result is verified with the help of numerical examples.Sensitivity investigation and graphical representations are used to study the outcome with a choice of parameters.http://www.orstw.org.tw/ijor/vol15no3/IJOR2018_vol15_no3_p135_p144.pdfInventoryDeteriorationParabolic holding costQuadratic demand rateSalvage value |
| spellingShingle | R.P. Tripathi Shweta Singh Tomar Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value International Journal of Operations Research Inventory Deterioration Parabolic holding cost Quadratic demand rate Salvage value |
| title | Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value |
| title_full | Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value |
| title_fullStr | Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value |
| title_full_unstemmed | Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value |
| title_short | Establishment of EOQ Model with Quadratic Time-Sensitive Demand and Parabolic-Time Linked Holding Cost with Salvage Value |
| title_sort | establishment of eoq model with quadratic time sensitive demand and parabolic time linked holding cost with salvage value |
| topic | Inventory Deterioration Parabolic holding cost Quadratic demand rate Salvage value |
| url | http://www.orstw.org.tw/ijor/vol15no3/IJOR2018_vol15_no3_p135_p144.pdf |
| work_keys_str_mv | AT rptripathi establishmentofeoqmodelwithquadratictimesensitivedemandandparabolictimelinkedholdingcostwithsalvagevalue AT shwetasinghtomar establishmentofeoqmodelwithquadratictimesensitivedemandandparabolictimelinkedholdingcostwithsalvagevalue |