An inventory model with time dependent demand and shortages under trade credit policy

被引：51
|
作者：
Khanra, S. [1 ]
Mandal, Buddhadev [2 ]
Sarkar, Biswajit [2 ]
机构：
[1] Dept Math, Tamralipta Mahavidyalaya, Tamluk 721636, Purba Medinipur, India
[2] Vidyasagar Univ, Dept Appl Math Oceanol & Comp Programming, Midnapore 721102, W Bengal, India
来源：
ECONOMIC MODELLING | 2013年 / 35卷
关键词：
Inventory; Time dependent demand; Shortages; Permissible delay in payments; ECONOMIC ORDER QUANTITY; EOQ MODEL; LINEAR TREND; PERMISSIBLE DELAY; QUADRATIC DEMAND; DETERIORATING ITEM; INCREASING DEMAND; PAYMENTS; RULE;
D O I：
10.1016/j.econmod.2013.07.031
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This model investigates an economic order quantity (EOQ) model over a finite time horizon for an item with a quadratic time dependent demand by considering shortages in inventory under permissible delay in payments. Shortages are assumed after variable time T-1(<T cycle period). The credit period (m) is known and fixed. The model is derived under three different circumstances depending on the time of occurrence of shortages, credit period, and cycle time. The results are illustrated with the help of numerical examples. The sensitivity analysis of key parameters of the optimal solution is studied with respect to changes in different parametric values. Some special features of the model are discussed. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：349 / 355
页数：7
相关论文
共 50 条
  • [1] An EOQ Model of Time Quadratic and Inventory Dependent Demand for Deteriorated Items with Partially Backlogged Shortages Under Trade Credit
    Singh, Pushpinder
    Mishra, Nitin Kumar
    Singh, Vikramjeet
    Saxena, Seema
    RECENT ADVANCES IN FUNDAMENTAL AND APPLIED SCIENCES (RAFAS 2016), 2017, 1860
  • [2] Two Level Trade Credit Policy Approach in Inventory Model with Expiration Rate and Stock Dependent Demand under Nonzero Inventory and Partial Backlogged Shortages
    Shaikh, Ali Akbar
    Cardenas-Barron, Leopoldo Eduardo
    Manna, Amalesh Kumar
    Cespedes-Mota, Armando
    Trevino-Garza, Gerardo
    SUSTAINABILITY, 2021, 13 (23)
  • [3] Decaying inventory model with stock-dependent demand and shortages under two-level trade credit
    Karuppuchamy Annadurai
    Ramasamy Uthayakumar
    The International Journal of Advanced Manufacturing Technology, 2015, 77 : 525 - 543
  • [4] Decaying inventory model with stock-dependent demand and shortages under two-level trade credit
    Annadurai, Karuppuchamy
    Uthayakumar, Ramasamy
    INTERNATIONAL JOURNAL OF ADVANCED MANUFACTURING TECHNOLOGY, 2015, 77 (1-4): : 525 - 543
  • [5] Two-echelon inventory model for deteriorating items with credit period dependent demand including shortages under trade credit
    K. Annadurai
    R. Uthayakumar
    Optimization Letters, 2013, 7 : 1227 - 1249
  • [6] Two-echelon inventory model for deteriorating items with credit period dependent demand including shortages under trade credit
    Annadurai, K.
    Uthayakumar, R.
    OPTIMIZATION LETTERS, 2013, 7 (06) : 1227 - 1249
  • [7] An EPQ Inventory Model with Allowable Shortages for Deteriorating Items under Trade Credit Policy
    Molamohamadi, Zohreh
    Arshizadeh, Rahman
    Ismail, Napsiah
    DISCRETE DYNAMICS IN NATURE AND SOCIETY, 2014, 2014
  • [8] AN INVENTORY MODEL FOR NON-INSTANTANEOUS DETERIORATING ITEMS WITH QUADRATIC DEMAND RATE AND SHORTAGES UNDER TRADE CREDIT POLICY
    Vandana
    Sharma, B. K.
    JOURNAL OF APPLIED ANALYSIS AND COMPUTATION, 2016, 6 (03): : 720 - 737
  • [9] A Comparative Study Between Inventory Followed by Shortages and Shortages Followed by Inventory Under Trade-Credit Policy
    Khanra S.
    Mandal B.
    Sarkar B.
    International Journal of Applied and Computational Mathematics, 2015, 1 (3) : 399 - 426
  • [10] An inventory model with declining demand market for deteriorating items under a trade credit policy
    Pervin, Magfura
    Mahata, Gour Chandra
    Roy, Sankar Kumar
    INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT, 2016, 11 (04) : 243 - 251
12345