An EOQ Model with Stock and Time Dependent Consumption Rate with Shortages under Inflationary Environment

Authors

  • Yogendra Kumar Rajoria Department of Mathematics Graphic Era University, Dehradun, India
  • Seema Saini Department of Mathematics Graphic Era University, Dehradun, India
  • Anand Chauhan Department of Mathematics Graphic Era University, Dehradun, India

Keywords:

Inflation, Time value of money, Time horizon

Abstract

In this paper, we developed an Economic order quantity model for decaying goods with stock and time reliant
demand rate under inflationary environment and time discounting over a fixed time horizon. Shortages are also
permitted and are partially backordered. The results are discussed with a numerical example and particular cases
are also discussed briefly.

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References

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Published

2023-02-28

How to Cite

Rajoria, Y. K., Saini, S., & Chauhan, A. (2023). An EOQ Model with Stock and Time Dependent Consumption Rate with Shortages under Inflationary Environment. Journal of Graphic Era University, 4(2), 103–112. Retrieved from https://journal.riverpublishers.com/index.php/JGEU/article/view/122

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