Title: Partial backlogging EOQ model with trade-credit facility and inflationary environment

Authors: Rahul Goel

Addresses: Department of Mathematics, Graphic Era University, Dehradun, India

Abstract: In this article, an economic order quantity (EOQ) model for deteriorating items with trade-credit facility is presented. It is assumed that decay rate is two parameter Weibull distributed function of time. Demand rate of the products increases with time. Shortages are allowed and partially backlogged. The whole study is done in inflationary environment. A numerical assessment is done to exemplify the proposed model and sensitivity analysis with respect to the change in system parameters is also carried out.

Keywords: economic order quantity; EOQ; Inlation; inventory; Weibull deterioration; shortages.

DOI: 10.1504/IJMOR.2018.094848

International Journal of Mathematics in Operational Research, 2018 Vol.13 No.3, pp.303 - 319

Received: 19 May 2016
Accepted: 16 Dec 2016
Published online: 25 Sep 2018 *

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