Optimal Ordering Policy for Deteriorating Items Having Constant Demand and Deterioration Rate - Theoretical Economics Letters

TEL > Vol.7 No.7, December 2017

Theoretical Economics Letters

Volume 7, Issue 7 (December 2017)

ISSN Print: 2162-2078 ISSN Online: 2162-2086

Google-based Impact Factor: 1.19 Citations h5-index & Ranking

Optimal Ordering Policy for Deteriorating Items Having Constant Demand and Deterioration Rate ()

HTML XML

Download as PDF (Size: 204KB) PP. 2152-2158

DOI: 10.4236/tel.2017.77146 822 Downloads 1,873 Views Citations

Author(s)

Sarbjit Singh

Affiliation(s)

Institute of Management Technology, Nagpur, India.

ABSTRACT

This study derives an optimal ordering policy for perishable products. Here the demand considered is constant demand and items considered have a constant rate of deterioration. The sensitivity analysis of model has been done and formula for calculating optimal ordering quantity has been derived. The model follows the classical EOQ model, i.e. the point of minima is the point where the total ordering cost is equal to the sum of holding costs and deterioration cost.

KEYWORDS

Perishable Goods, Optimality, Sensitivity, Economic Order Quantity

Share and Cite:

Singh, S. (2017) Optimal Ordering Policy for Deteriorating Items Having Constant Demand and Deterioration Rate. Theoretical Economics Letters, 7, 2152-2158. doi: 10.4236/tel.2017.77146.

Cited by

[1]	TWO WAREHOUSE INVENTORY MODEL FOR THE PERISHABLE PRODUCTS HAVING SHRUNK LIFE CYCLE
	2021

[2]	Distribution improvement in achieving customer satisfaction
	2020

[3]	Fulfillment of Customer Orders with Distribution Improvement
	2019

[4]	Supply Model for Dependent Demand in the Peruvian Textile Industry: A Case Study
	2019

Journals Menu

Follow SCIRP

	+1 323-425-8868
	customer@scirp.org
	+86 18163351462(WhatsApp)
	1655362766

	Paper Publishing WeChat

Journals Menu

Home

About SCIRP

Service

Policies