Research Article

An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment

Volume: 43 Number: 4 August 1, 2014
EN

An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment

Abstract

This paper presents a continuous EPQ model of deteriorating items with shortages. Also in this paper, an inventory policy for an item is presented with inflation and selling price dependent demand under deterministic and random planning horizons allowing shortages with an immediate part payment to the wholesaler. In this study inventory models under the finite and random planning horizons have been formulated with respect to the retailer’s point of view for maximum profit. The GRG method is used to find the optimal solutions and the corresponding maximum profits for the different sets of given numerical data. 

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

U.k. Bera This is me
India

M. Maiti This is me
India

Publication Date

August 1, 2014

Submission Date

March 27, 2013

Acceptance Date

-

Published in Issue

Year 2014 Volume: 43 Number: 4

APA
Majumder, P., Bera, U., & Maiti, M. (2014). An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment. Hacettepe Journal of Mathematics and Statistics, 43(4), 641-659. https://izlik.org/JA47AK26ZF
AMA
1.Majumder P, Bera U, Maiti M. An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment. Hacettepe Journal of Mathematics and Statistics. 2014;43(4):641-659. https://izlik.org/JA47AK26ZF
Chicago
Majumder, Pinki, U.k. Bera, and M. Maiti. 2014. “An EPQ Model for a Deteriorating Item With Inflation Reduced Selling Price and Demand With Immediate Part Payment”. Hacettepe Journal of Mathematics and Statistics 43 (4): 641-59. https://izlik.org/JA47AK26ZF.
EndNote
Majumder P, Bera U, Maiti M (August 1, 2014) An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment. Hacettepe Journal of Mathematics and Statistics 43 4 641–659.
IEEE
[1]P. Majumder, U. Bera, and M. Maiti, “An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment”, Hacettepe Journal of Mathematics and Statistics, vol. 43, no. 4, pp. 641–659, Aug. 2014, [Online]. Available: https://izlik.org/JA47AK26ZF
ISNAD
Majumder, Pinki - Bera, U.k. - Maiti, M. “An EPQ Model for a Deteriorating Item With Inflation Reduced Selling Price and Demand With Immediate Part Payment”. Hacettepe Journal of Mathematics and Statistics 43/4 (August 1, 2014): 641-659. https://izlik.org/JA47AK26ZF.
JAMA
1.Majumder P, Bera U, Maiti M. An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment. Hacettepe Journal of Mathematics and Statistics. 2014;43:641–659.
MLA
Majumder, Pinki, et al. “An EPQ Model for a Deteriorating Item With Inflation Reduced Selling Price and Demand With Immediate Part Payment”. Hacettepe Journal of Mathematics and Statistics, vol. 43, no. 4, Aug. 2014, pp. 641-59, https://izlik.org/JA47AK26ZF.
Vancouver
1.Pinki Majumder, U.k. Bera, M. Maiti. An EPQ model for a deteriorating item with inflation reduced selling price and demand with immediate part payment. Hacettepe Journal of Mathematics and Statistics [Internet]. 2014 Aug. 1;43(4):641-59. Available from: https://izlik.org/JA47AK26ZF