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A Note on an Order Level Inventory Model with Varying Two-Phased Demand and Time-Proportional Deterioration

A Note on an Order Level Inventory Model with Varying Two-Phased Demand and Time-Proportional Deterioration
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摘要 The main purpose of this paper is to generalize the effect of two-phased demand and variable deterioration within the EOQ (Economic Order Quantity) framework. The rate of deterioration is a linear function of time. The two-phased demand function states the constant function for a certain period and the quadratic function of time for the rest part of the cycle time. No shortages as well as partial backlogging are allowed to occur. The mathematical expressions are derived for determining the optimal cycle time, order quantity and total cost function. An easy-to-use working procedure is provided to calculate the above quantities. A couple of numerical examples are cited to explain the theoretical results and sensitivity analysis of some selected examples is carried out. The main purpose of this paper is to generalize the effect of two-phased demand and variable deterioration within the EOQ (Economic Order Quantity) framework. The rate of deterioration is a linear function of time. The two-phased demand function states the constant function for a certain period and the quadratic function of time for the rest part of the cycle time. No shortages as well as partial backlogging are allowed to occur. The mathematical expressions are derived for determining the optimal cycle time, order quantity and total cost function. An easy-to-use working procedure is provided to calculate the above quantities. A couple of numerical examples are cited to explain the theoretical results and sensitivity analysis of some selected examples is carried out.
作者 Sephali Mohanty Trailokyanath Singh Sudhansu Sekhar Routary Chinmayee Naik Sephali Mohanty;Trailokyanath Singh;Sudhansu Sekhar Routary;Chinmayee Naik(Department of Mathematics, C. V. Raman Global University, Bhubaneswar, India;Department of Mathematics and Humanities, Odisha University of Technology and Research, Bhubaneswar, India)
出处 《American Journal of Operations Research》 2024年第1期59-73,共15页 美国运筹学期刊(英文)
关键词 Deteriorating Items EOQ (Economic Order Quantity) INVENTORY Time-Proportional Deterioration Two-Phased Demand Deteriorating Items EOQ (Economic Order Quantity) Inventory Time-Proportional Deterioration Two-Phased Demand
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