A Model for Weibull deteriorate items with price dependent demand rate and Inflation

Chaudhary, Rekha Rani; Sharma, Vikas

doi:10.17485/ijst/2015/v8i10/51936

Cited by 5 publications

(2 citation statements)

References 13 publications

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“…Considering constant type of demand, [7], [1] and [35] also established ordering policies under trade credit policy. Researchers such as [8] and [42] developed inventory models with price linked demand for Weibull deteriorate commodities whereas for such products [28] analysed inventory control model with linear demand and carrying cost. [17], [15] and [30] developed inventory models for perishable products with price sensitive demand, linearly time linked deterioration rate and holding cost under fully backlogged shortages.…”

Section: Introductionmentioning

confidence: 99%

An Eoq Model With Trade Credit Based Demand Under Inflation

Meena¹,

Meena²,

Sharma³

et al. 2023

jnanabha

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In this work, an EOQ model is presented with trade credit period and time dependent demand under inflation and delay in payments for deteriorating items. Shortages are permitted and partially backlogged that depends on the waiting time of next replenishment cycle. The holding cost and deterioration rate is considered constant. The aim of this study is to maximize the total prot. An algorithm is presented to get the optimal values of total profit, total inventory and stock-out period. To illustrate theoretical model numerical assessments, graphical representation and sensitivity analysis is also discussed.

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Section: Introductionmentioning

confidence: 99%

An Eoq Model With Trade Credit Based Demand Under Inflation

Meena¹,

Meena²,

Sharma³

et al. 2023

jnanabha

View full text Add to dashboard Cite

show abstract

“…Usually, if the selling price increases, then demand decreases, and viceversa. A hypothesis frequently used in the literature is that demand depends linearly on the selling price of the article (see, e.g., Roy, 2008;Sundar et al, 2012;Rao et al, 2014;Chaudhary and Sharma, 2015;Alfares and Ghaithan, 2016;and Panda et al, 2017). Chen et al (2006) extended this type of demand function and assumed a power function of the price in the inventory system with periodic review and finite planning horizon.…”

Section: Introductionmentioning

confidence: 99%