Economic Order Quantity with Linearly Time Dependent Demand Rate and Shortages
R. P. Tripathi1, D. Singh2 & Tushita Mishra2 Show affiliations
- Graphic Era University, India
- SGRRPG College, India
Journal of Mathematics and Statistics, Volume 11, Issue 1, pp. 21–28 · doi.org/10.3844/jmssp.2015.21.28
Abstract
This paper presents an inventory model with linearly time dependent rate and shortages under trade credits. We show that the total cost per unit is convex function of time. Some properties have also been discussed based an optimal solution. The results are discussed with the help of numerical examples. Sensitivity analyses with a variety of numerical results showing the effect of model parameters on key performance measures are demonstrated. Mathematica 7 software is used for finding numerical solutions.
Licence and reuse
Open access. This article is licensed under a Creative Commons Attribution 3.0 Licence (CC BY 3.0), as printed on the article, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original authors and the source. No permission is needed.
How to reuse this articleResponses (0)
About this article
Tripathi, R. P., Singh, D. & Mishra, T. (2015). Economic Order Quantity with Linearly Time Dependent Demand Rate and Shortages. Journal of Mathematics and Statistics, 11(1), 21–28. https://doi.org/10.3844/jmssp.2015.21.28
- Licence
- CC BY 3.0
- Issue
- Volume 11, Issue 1
- Policies
- Editorial independenceUse of generative AIData availabilityAppeals and complaints
- Version
- Version of record