Authors : Soumendra Kumar Patra, Pradip Kumar Bala and Purna Chandra Ratha
Abstract: In this study, the researchers present a model for economic order quantity model for deteriorating items with increasing time varying demand and cost replacements problems with shortages. The demand rates are increasing with time over in known and finite planning horizon. The demand rate, deterioration rate, holding cost, ordering cost are assumed to be a continuous function of time. Shortages are allowed and are completely backlogged. It is described with the help of numerical example. The effect of changes in the values of different parameters on the decision variable and objective function is studied. A numerical example is given to describe the developed model. Sensitivity analysis also shown for the model.
Soumendra Kumar Patra, Pradip Kumar Bala and Purna Chandra Ratha, 2010. An Economic Order Quantity Model for Deteriorating Items with Increasing Time Varying Demand and Cost. Journal of Modern Mathematics and Statistics, 4: 63-67.