Production inventory model with deteriorating items, two rates of production cost and taking account of time value of money

DOI10.3934/JIMO.2016.12.1153zbMATH Open1331.90004OpenAlexW2526244634MaRDI QIDQ898735FDOQ898735

Authors Vincent Choudri, Venkatachalam, S. Panayappan 

Publication date 18 December 2015

Published in Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3934/jimo.2016.12.1153

zbMATH Keywords

optimalitydeteriorationcycle timedemand and productioneconomic production quantity (EPQ) modelpresent money value

Mathematics Subject Classification ID

Optimality conditions and duality in mathematical programming (90C46) Sensitivity, stability, parametric optimization (90C31) Inventory, storage, reservoirs (90B05) Production models (90B30)

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Cites Work

• An EPQ model for deteriorating items with inventory-level-dependent demand and permissible delay in payments
• An EPQ model with inflation in an imperfect production system
• Economic production lot size for deteriorating items taking accout of the time-value of money
• Inventory model for deteriorating items and time value of money for a finite time horizon under the permissible delay in payments
• Inventory model with two rates of production for deteriorating items with permissible delay in payments
• On reserve money for an EOQ model in an inflationary environment under supplier credits
• Purchase-inventory decision models for deteriorating items with a temporary sale price
• THE EFFECTS OF INFLATION AND TIME VALUE OF MONEY ON A PRODUCTION MODEL WITH A RANDOM PRODUCT LIFE CYCLE
• The effects of inflation and time-value of money on an economic order quantity model with a random product life cycle

Cited In (7)

• Production inventory model with deteriorating items with constant, linear and quadratic holding cost -- a comparative study
• Inventory model with two rates of production for deteriorating items with permissible delay in payments
• A production: inventory model for defective items with shortages incorporating inflation and time value of money
• The production - inventory problem for ameliorating / deteriorating items with non-linear shortage cost under inflation and time discounting
• A production-inventory model with variable production cost and probabilistic deterioration
• Optimal lot-sizing policy for a failure prone production system with investment in process quality improvement and lead time variance reduction
• Multi rates (one, two and three) of production inventory models for deteriorating items with comparative study

Uses Software

• Visual Basic

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