A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles

Autor:	Roy T., Chaudhuri K.S.
Jazyk:	angličtina
Rok vydání:	2007
Předmět:	inventory stock-dependent demand shortage inflation time value of money Management information systems T58.6-58.62
Zdroj:	Yugoslav Journal of Operations Research, Vol 17, Iss 2, Pp 195-207 (2007)
Druh dokumentu:	article
ISSN:	0354-0243 1820-743X
DOI:	10.2298/YJOR0702195R
Popis:	A finite time-horizon deterministic inventory model is developed, taking the demand rate at any instant to be a function of the on-hand inventory (stock-level) at that instant. Shortages in inventory are allowed. The effects of inflation and time value of money are considered. Two separate inflation rates: namely, the internal (company) and the external (general economy) are introduced. A numerical example of the model is discussed. A sensitivity analysis of the optimal solution with respect to the parameters of the model is examined.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/570a05d94f9348ab9d1c274ec60ae9a4 Zobrazit plný text záznamu View record in DOAJ