IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v29y2024i3p291-308.html
   My bibliography  Save this article

An EOQ model for deteriorating item with backorder and time dependent exponential demand

Author

Listed:
  • Prokash Mondal
  • Sriparna Chowdhury
  • Pritha Das
  • Sanat Kumar Majumder
  • Kajal De

Abstract

In this article, we have developed an economic order quantity (EOQ) model over a finite time horizon for an item with time dependent demand rate with a constant rate of deterioration in consideration of shortages (SFI policy) in inventory under permissible delay in payments and partial backlogging. The demand rate considers hare exponential to address the increment of demand, which greatly impacts the introduction of a new product in the market. Also, the backlogging rate is considered dependent on the hanging time duration of the customers instead of waiting in line of the customers. The model is solved analytically to obtain the optimal solution to the problem. It is then illustrated with the help of numerical examples. A sensitivity analysis of the optimal solution concerning the parameters of the inventory system is given.

Suggested Citation

  • Prokash Mondal & Sriparna Chowdhury & Pritha Das & Sanat Kumar Majumder & Kajal De, 2024. "An EOQ model for deteriorating item with backorder and time dependent exponential demand," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 29(3), pages 291-308.
    • Handle: RePEc:ids:ijmore:v:29:y:2024:i:3:p:291-308
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=142446
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmore:v:29:y:2024:i:3:p:291-308. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=320 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.