A volume flexible inventory model with trapezoidal demand under inflation

Kapil Mehrotra, Himani Dem, S.R. Singh, Rajendra Sharma

Abstract


Abstract

 

This article experiment. Further, the effects of different parameters are analysed by performing sensitivity analyses on the optimal policy. 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


Keywords


inventory, trapezoidal demand, volume flexibility, inflation

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DOI: http://dx.doi.org/10.18187/pjsor.v9i4.623

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Title

A volume flexible inventory model with trapezoidal demand under inflation

Keywords

inventory, trapezoidal demand, volume flexibility, inflation

Description

Abstract

 

This article experiment. Further, the effects of different parameters are analysed by performing sensitivity analyses on the optimal policy. 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


Date

2014-02-06

Identifier


Source

Pakistan Journal of Statistics and Operation Research; Vol. 9 No. 4, 2013



Print ISSN: 1816-2711 | Electronic ISSN: 2220-5810