Title: Deterministic inventory models with nonlinear time-dependent and stock-dependent holding cost under non-increasing time-sensitive demand

Authors: R.P. Tripathi

Addresses: Department of Mathematics, Graphic Era University, Dehradun, UK, India

Abstract: Researchers in the past have presented their economic order quantity (EOQ) models by considering that the demand rate is constant. However, it is not always true. This paper deals with an inventory model for nonlinear induced demand rate. Holding cost is considered as: 1) a nonlinear stock-dependent; 2) a nonlinear time induced. The optimal solution is derived in both cases. Numerical examples are discussed indicating the effects of nonlinearity in holding cost and demand.

Keywords: stock-dependent demand; inventory; time-induced; optimal; total cost; nonlinear.

DOI: 10.1504/IJEBR.2018.094385

International Journal of Economics and Business Research, 2018 Vol.16 No.3, pp.326 - 336

Received: 05 Sep 2017
Accepted: 09 Oct 2017
Published online: 31 Aug 2018 *

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