Authors: Archana Sharma; Pinky Saxena; Kuldeep Sharma
Addresses: Department of Applied Sciences, KIET Group of Institutions, Ghaziabad, 201206, India ' Department of Applied Sciences, KIET Group of Institutions, Ghaziabad, 201206, India ' Department of Applied Sciences, KIET Group of Institutions, Ghaziabad, 201206, India
Abstract: The paper manages the issue of deciding the financial request amount under states of allowable deferral in instalments. A credit period plotted where the provider offers to the purchaser a credit period in settling the record with a fixed time, in addition to extra postpone time contingent upon the amount requested. Article associates with three parameter Weibull deteriorating items with price dependent demand where we have observed a certain change in regard of organisation's marginal value in terms of profit. Linear holding cost and inflation have adapted to justify the real scenario of market fluctuations. Backlogging is fully realised to the customer. The effect of inflation is also considered. To illustrate the solution procedure, we have taken some numerical example and sensitivity analysis to validate the effective of our proposed article.
Keywords: EOQ; Weibull deterioration; price associated demand; inflation; shortages; trade-credit.
International Journal of Business Performance and Supply Chain Modelling, 2021 Vol.12 No.4, pp.430 - 442
Received: 04 Dec 2020
Accepted: 11 Sep 2021
Published online: 07 Feb 2022 *