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Title: Some investigations on cost, study for economic order quantity model by quantity declined under time - associated demand and non-steady holding cost

Authors: R.P. Tripathi; Shweta Singh Tomar

Addresses: Department of Applied Sciences and Humanities, KNIT, Sultanpur, UP, 228118, India; Affiliated to: Dr. A.P.J. Abdul Kalam Technical University, India ' Department of Mathematics, Mount Mary University, Milwaukee, WI, USA

Abstract: This investigation is probable to assist the manufacturing executives and practitioners in assessing the pressure of changeable holding cost mechanism. In reality, holding cost is always on fluctuating stage. In this investigation, we make an effort to be ready to set an EOQ model for time sensitive demand by means of unstable holding costs. Two models are argued views: 1) time linked demand with cargo space, time linked holding cost; 2) time linked demand and unvarying holding cost. The purchase cost is unspecified stable connected to order amount. Every element measure discounts is accessible. Mathematical analysis is prepared to authenticate the model proposed in this research. An algorithm is also displayed to settle on a more favourable procurement measure that diminishes total cost. We show that the total cost is convex. Numerical designs and sensitivity study are discussed to learn the effects of a variety of constraints. Mathematica software 7.0 is used for finding numerical results.

Keywords: time-induced demand; variable holding cost; optimality; economic order quantity; EOQ; size discount.

DOI: 10.1504/IJCSYSE.2021.113252

International Journal of Computational Systems Engineering, 2021 Vol.6 No.3, pp.109 - 114

Received: 25 May 2020
Accepted: 12 Jul 2020

Published online: 25 Feb 2021 *

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