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EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function

EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function

R. P. Tripathi
Copyright: © 2011 |Volume: 2 |Issue: 3 |Pages: 14
ISSN: 1947-9328|EISSN: 1947-9336|EISBN13: 9781613508770|DOI: 10.4018/joris.2011070106
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MLA

Tripathi, R. P. "EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function." IJORIS vol.2, no.3 2011: pp.79-92. http://doi.org/10.4018/joris.2011070106

APA

Tripathi, R. P. (2011). EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function. International Journal of Operations Research and Information Systems (IJORIS), 2(3), 79-92. http://doi.org/10.4018/joris.2011070106

Chicago

Tripathi, R. P. "EOQ Model with Time Dependent Demand Rate and Time Dependent Holding Cost Function," International Journal of Operations Research and Information Systems (IJORIS) 2, no.3: 79-92. http://doi.org/10.4018/joris.2011070106

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Abstract

In this paper the authors consider the continuous deterministic, infinite horizon, single item inventory system within the setting of a retailer sector in which the demand rate for an item is time dependent. The parameter of the replenishment cost is kept constant, but the carrying cost per unit is allowed to vary. The optimal policies are found, and decision rules and classical EOQ model have been obtained by considering two different models. Numerical examples are given to illustrate the proposed models.

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