IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v8y2016i3p373-392.html
   My bibliography  Save this article

An EPQ (economic production lot size) model for product life cycle (maturity stage) of deteriorating items with increasing demand rate and shortages

Author

Listed:
  • Nirmal Kumar Duari
  • Tripti Chakraborti

Abstract

A product life cycle is the life span of a product which the period begins with initial product specification and ends with the withdrawal from the market of both the product and its support. A product life cycle can be divided into several stages characterised by the revenue generated by the product. The purpose of this paper is to investigate the optimal production lot size and total cost during the product life cycle which consists of introduction, growth, maturity and decline stages. The defective rate is considered as a variable of known proportions. The relevant model is built and it is also solved. Necessary and sufficient conditions for a unique and optimal solution are derived. A numerical example is provided using LINGO software.

Suggested Citation

  • Nirmal Kumar Duari & Tripti Chakraborti, 2016. "An EPQ (economic production lot size) model for product life cycle (maturity stage) of deteriorating items with increasing demand rate and shortages," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 8(3), pages 373-392.
    • Handle: RePEc:ids:ijmore:v:8:y:2016:i:3:p:373-392
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=75522
    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:8:y:2016:i:3:p:373-392. 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.