scholarly journals Economic Production Quantity Model With Generalized Pareto Rate of Production and Weibull Decay Having Selling Price Dependent Demand

2017 ◽  
Vol 29 (11) ◽  
pp. 485-500
Author(s):  
K. SRINIVASA RAO ◽  
◽  
D. MADHULATHA ◽  
B. MUNISWAMY ◽  
◽  
...  
Keyword(s):  
Selling Price ◽  
Economic Production Quantity ◽  
Generalized Pareto ◽  
Economic Production ◽  
Production Quantity ◽  
Dependent Demand

scholarly journals An economic production quantity (epq) model for a deteriorating item with partial trade credit policy for price dependent demand under inflation and reliability

2020 ◽  
pp. 36-36
Author(s):  
Shaikh Akbar ◽  
Leopoldo Cárdenas-Barrón ◽  
Manna Kumar ◽  
Armando Céapedes-Mota
Keyword(s):  
Trade Credit ◽  
Research Work ◽  
Selling Price ◽  
Credit Policy ◽  
Reliability Factor ◽  
Economic Production Quantity ◽  
Partial Trade Credit ◽  
Economic Production ◽  
Production Inventory ◽  
Production Quantity

It is well-known that the production-inventory problem for deteriorating items in the supply chain is a challenge when deciding on how many products to manufacture to obtain a maximum total profit. This research work develops an economic production quantity model for a deteriorating item under partial trade credit policy considering inflation, the effect of reliability factor of a production system, and the demand depending on the price of a product whose selling price is optimized. The production- inventory model is formulated as a nonlinearly constrained optimization problem by analyzing different cases. Finally, through a numerical example, a sensitivity analysis is performed so to study the effect of different parameters, changing one parameter at a time and keeping others fixed at their original values.

scholarly journals The effect of service constraint on EPQ model with random defective rate

2006 ◽  
Vol 2006 ◽  
pp. 1-5 ◽  
Author(s):  
Yung-Fu Huang
Keyword(s):  
Annual Cost ◽  
Differential Calculus ◽  
Cost Minimization ◽  
Algebraic Approach ◽  
Optimal Solution ◽  
Service Level ◽  
Economic Production Quantity ◽  
Economic Production ◽  
Epq Model ◽  
Production Quantity

Chiu studied the effect of service-level constraint on the economic production quantity (EPQ) model with random defective rate. In this note, we will offer a simple algebraic approach to replace his differential calculus skill to find the optimal solution under the expected annual cost minimization.

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