An EPQ model for non-instantaneous deteriorating item in which holding cost varies with time


Abstract


It is a production problem of non-instantaneous deteriorating item in which production and demand rate are constant. The holding cost varies with time. Completely deteriorated units are discarded. Partially deteriorated items are allowed to carry discount, no shortage is allowed. The optimal cycle time is derived and the result is applied to numerical problems.

DOI Code: 10.1285/i20705948v1n1p16

Keywords: EPQ; non-instantaneous deterioration; price discount; time dependent holding cost

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