Author(s):
1. Kapil Mehrotra:
Graphic Era University, Dehradun
2. Himani Dem:
Department of Applied Science
Meerut Institute of Technology
Meerut-250103, India
3. S.R. Singh:
Department of Mathematics
Devanagri College
Chaudhary Charan Singh University
Meerut-250001, India
4. Rajendra Sharma:
Department of Mathematics and Statistics
Graphic Era University
Dehradun, India
Abstract:
This article explores an economic production quantity model (EPQ) model for deteriorating items with time-dependent demand following trapezoidal pattern taking the volume flexibility into account. We have also considered the inflation and time value of money. The solution of the model aims at determining the optimal production run-time in order to maximize the profit. The model is also illustrated by means of numerical experiment. Further, the effects of different parameters are analyzed by performing sensitivity analyses on the optimal policy.
Page(s):
429-442
DOI:
DOI not available
Published:
Journal: Pakistan Journal of Statistics and Operation Research, Volume: 9, Issue: 4, Year: 2013
Keywords:
Trapezoidal demand
,
Inventory
,
Volume flexibility
,
Inflation
References:
References are not available for this document.
Citations
Citations are not available for this document.