In this paper, an economic order quantity (EOQ) inventory model for a deteriorating item is developed with the following characteristics:(i) The demand rate is deterministic and two-staged, i.e., it is constant in first part of the cycle and linear function of time in the second part. (ii) Deterioration rate is time-proportional. (iii) Shortages are not allowed to occur.The optimal cycle time and the optimal order quantity have been derived by minimizing the total average cost. A simple solution procedure is provided to illustrate the proposed model. The article concludes with a numerical example and sensitivity analysis of various parameters as illustrations of the theoretical results.
An attempt has been made to study the heat and mass transfer effect in a boundary layer MHD flow of an electrically conducting viscous fluid subject to transverse magnetic field on an exponentially stretching sheet through porous medium. The effect of thermal radiation and heat source/sink has also been discussed in this paper. The governing nonlinear partial differential equations are transformed into a system of coupled nonlinear ordinary differential equations and then solved numerically using a fourth-order Runge-Kutta method with a shooting technique. Graphical results are displayed for nondimensional velocity, temperature, and concentration profiles while numerical values of the skin friction local Nusselt number and Sherwood number are presented in tabular form for various values of parameters controlling the flow system.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.