scholarly journals Capacity constraint EOQ model for deteriorating items with two-level trade credit under financial environment

2021 ◽  
Vol 9 (1) ◽  
pp. 981-992
Author(s):  
Anuj Kumar Sharma ◽  
Balram Kindra
Keyword(s):  
Trade Credit ◽  
Capacity Constraint ◽  
Deteriorating Items ◽  
Eoq Model ◽  
Financial Environment

A Fuzzy EOQ Model for Deteriorating Items With Allowable Shortage and Inspection Under the Trade Credit

2018 ◽  
pp. 233-249
Author(s):  
Chandra K. Jaggi ◽  
Bimal Kumar Mishra ◽  
T. C. Panda
Keyword(s):  
Trade Credit ◽  
Method Comparison ◽  
Deteriorating Items ◽  
Order Quantity ◽  
Centroid Method ◽  
Deterioration Rate ◽  
Eoq Model ◽  
Permissible Delay In Payment ◽  
Demand Rate ◽  
Fuzzy Cost

This chapter develops an economic order quantity model for deteriorating items with initial inspection, allowable shortage under the condition of permissible delay in payment by fuzzify the demand rate, deterioration rate and inspection parameter of non-defective parameter based on as triangular fuzzy numbers to fit the real word. The total fuzzy cost function has been defuzzified using signed distance and centroid method. Comparison between these two methods has also been discussed. The validity of the model has been established with the help of a hypothetical numerical example.

scholarly journals The EOQ Model for Deteriorating Items with a Conditional Trade Credit Linked to Order Quantity in a Supply Chain System

Mathematics ◽  
2021 ◽  
Vol 9 (18) ◽  
pp. 2311
Author(s):  
Kun-Jen Chung ◽  
Jui-Jung Liao ◽  
Hari Mohan Srivastava ◽  
Shih-Fang Lee ◽  
Shy-Der Lin
Keyword(s):  
Trade Credit ◽  
Analytic Solution ◽  
Optimal Solution ◽  
Optimization Methods ◽  
Deteriorating Items ◽  
Order Quantity ◽  
Supply Chain System ◽  
Total Cost ◽  
Eoq Model ◽  
Total Cost Function

For generality, we observed that some of the optimization methods lack the mathematical rigor and some of them are based on intuitive arguments which result in the solution procedures being questionable from logical viewpoints of a mathematical analysis such as those in the work by Ouyang et al. (2009). They consider an economic order quantity model for deteriorating items with partially permissible delays in payments linked to order quantity. Basically, their inventory models are interesting, however, they ignore explorations of interrelations of functional behaviors (continuity, monotonicity properties, differentiability, et cetera) of the total cost function to locate the optimal solution, so those shortcomings will naturally influence the implementation of their considered inventory model. Consequently, the main purpose of this paper is to provide accurate and reliable mathematical analytic solution procedures for different scenarios that overcome the shortcomings of Ouyang et al.

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