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A Note On Epq Model For Seasonal Perishable Products With Stock Dependent Demand

Author

Listed:
  • S. PANDA

    (Department of Mathematics, Bengal Institute of Technology, 1.no. Govt. Colony, Kolkata-700150, West Bengal, India)

  • S. SAHA

    (Department of Mathematics, University of Kalyani, Kalyani-741235, West Bengal, India)

  • M. BASU

    (Department of Mathematics, University of Kalyani, Kalyani-741235, West Bengal, India)

Abstract

A single item, single cycle economic production quantity model for perishable products is proposed where the demand is two-component and stock dependent. The production inventory scenario of products like cake, bread, fast foods, fishes, garments, cosmetics etc in the festival season is considered. The profit function is formulated under the assumption that the time period of the festival seasons is fixed and the display capacity of the produced item is limited. In the formulation process, to introduce more flexibility, a goal programming technique is incorporated to achieve the producer's desired profit and stock of as much inventory as possible below the display capacity level. A numerical example is presented to illustrate the proposed model. A sensitivity analysis of the model is also carried out.

Suggested Citation

  • S. Panda & S. Saha & M. Basu, 2008. "A Note On Epq Model For Seasonal Perishable Products With Stock Dependent Demand," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 25(03), pages 301-315.
    • Handle: RePEc:wsi:apjorx:v:25:y:2008:i:03:n:s0217595908001766
    DOI: 10.1142/S0217595908001766
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    Citations

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    Cited by:

    1. Saha, S. & Goyal, S.K., 2015. "Supply chain coordination contracts with inventory level and retail price dependent demand," International Journal of Production Economics, Elsevier, vol. 161(C), pages 140-152.
    2. Modak, Nikunja Mohan & Panda, Shibaji & Sana, Shib Sankar, 2016. "Three-echelon supply chain coordination considering duopolistic retailers with perfect quality products," International Journal of Production Economics, Elsevier, vol. 182(C), pages 564-578.
    3. Panda, S. & Saha, S. & Goyal, S.K., 2013. "Dilemma of rented warehouse and shelf for inventory systems with displayed stock level dependent demand," Economic Modelling, Elsevier, vol. 32(C), pages 452-462.

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