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An EOQ model for non-instantaneous deteriorating items with time-dependent demand under partial backlogging

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  • R. Udayakumar

Abstract

This article discusses an economic order quantity model for non-instantaneous deteriorating items in which the demand is assumed to be a linear function of time over an infinite planning horizon. In addition, the salvage value associated with the deteriorated units is also considered. The shortages are allowed and partially backlogged. A mathematical model is framed to obtain the replenishment policy which aids the retailer to minimize the total inventory cost. The objective of this work is to minimize the total inventory cost and to find the optimal length of replenishment and the optimal order quantity. The theory developed in this article is illustrated using numerical examples. A computational algorithm is designed to find the optimal solution. Sensitivity analysis is carried out to study the changes in the effect on the optimal solutions and some managerial insights are obtained.

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  • R. Udayakumar, 2022. "An EOQ model for non-instantaneous deteriorating items with time-dependent demand under partial backlogging," Journal of Management Analytics, Taylor & Francis Journals, vol. 9(4), pages 514-531, October.
    • Handle: RePEc:taf:tjmaxx:v:9:y:2022:i:4:p:514-531
    DOI: 10.1080/23270012.2022.2073571
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    Cited by:

    1. Hota, Soumya Kanti & Sarkar, Biswajit & Ghosh, Santanu Kumar & Cheikhrouhou, Naoufel & Treviño-Garza, Gerardo, 2024. "What should be the best retail strategy to deal with an unequal shipment from an unreliable manufacturer?," Journal of Retailing and Consumer Services, Elsevier, vol. 76(C).

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