Economic Lotsize Model for a Price Dependent Demand System under Credit Policy

P.K. Tripathy¹ , R. Shial² , S. Pradhan³

Section:Research Paper, Product Type: Isroset-Journal
Vol.5 , Issue.4 , pp.209-217, Aug-2018

CrossRef-DOI:   https://doi.org/10.26438/ijsrmss/v5i4.209217

Online published on Aug 31, 2018

Copyright © P.K. Tripathy, R. Shial, S. Pradhan . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The main purpose of this paper is to study an inventory model for time dependent deterioration with selling price dependent demand. Here it is assumed that demand rate is a function of selling price. This model allows shortages, which is partially backlogged. It is also investigated under credit policy. The results are illustrated with the help of numerical examples. The sensitivity analysis for the model is carried out to study the effect of changes on the values of the parameters associated with the model.

Key-Words / Index Term :
EOQ, Partially Backlogging, Trade Credit, Selling Price Dependent Demand, Deterioration

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