Inventory model for deteriorating items and time value of money for a finite time horizon under the permissible delay in payments

2006 ◽  
Vol 37 (1) ◽  
pp. 9-15 ◽  
Author(s):  
N. H. Shah
Keyword(s):  
Finite Time ◽  
Time Horizon ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Permissible Delay In Payments ◽  
Time Value Of Money ◽  
Time Value ◽  
Finite Time Horizon ◽  
Delay In Payments ◽  
Value Of Money

scholarly journals A finite time-horizon deterministic EOQ model with stock-dependent demand, effects of inflation and time value of money with shortages in all cycles

2007 ◽  
Vol 17 (2) ◽  
pp. 195-207 ◽  
Author(s):  
T. Roy ◽  
K.S. Chaudhuri
Keyword(s):  
Finite Time ◽  
Time Horizon ◽  
Optimal Solution ◽  
Time Value Of Money ◽  
Time Value ◽  
Eoq Model ◽  
Inflation Rates ◽  
Demand Rate ◽  
Finite Time Horizon ◽  
Value Of Money

A finite time-horizon deterministic inventory model is developed, taking the demand rate at any instant to be a function of the on-hand inventory (stock-level) at that instant. Shortages in inventory are allowed. The effects of inflation and time value of money are considered. Two separate inflation rates: namely, the internal (company) and the external (general economy) are introduced. A numerical example of the model is discussed. A sensitivity analysis of the optimal solution with respect to the parameters of the model is examined.

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