IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v26y2023i1p37-58.html
   My bibliography  Save this article

A model on an EOQ optimal ordering policy varying with time-dependent cubic demand and variable deterioration under delay in payment conditions

Author

Listed:
  • Sephali Mohanty
  • Trailokyanath Singh

Abstract

The main objective of the proposed paper is to extend Khanra et al. 's (2011) model with the following characteristics: 1) delay in payment is acceptable; 2) demand is a generalised demand pattern and is a cubic function of time; 3) deteriorating items follow a variable deterioration rate, which is a linear function of time; 4) neither partial backlogging nor complete backlogging has been taken into consideration. For settling the account, the formulation of the model is derived under two main approaches: case 1 - the grace period is less than the time period of the system or case 2 - the grace period is greater than the time period of the system. Finally, results are analysed and presented with the help of several numerical examples. Sensitivity analysis of all of the system parameters of the proposed model is discussed.

Suggested Citation

  • Sephali Mohanty & Trailokyanath Singh, 2023. "A model on an EOQ optimal ordering policy varying with time-dependent cubic demand and variable deterioration under delay in payment conditions," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 26(1), pages 37-58.
    • Handle: RePEc:ids:ijmore:v:26:y:2023:i:1:p:37-58
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=133714
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmore:v:26:y:2023:i:1:p:37-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=320 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.