Artikel
Developing EPQ models for non-instantaneous deteriorating items
In this paper, the classical economic production quantity (EPQ) model is developed for non-instantaneous deteriorating items by considering a relationship between the holding cost and the ordering cycle length. Two models are developed. First, the proposed model is considered when backorders are not permitted and this condition is waived for the second case. The cost functions associated with these models are proved to be convex and an algorithm is designed to find the optimum solutions of the proposed model. Results show that the relationship between holding cost and ordering cycle length has a significant impact on the optimal lot size and total cost in the EPQ model. Numerical examples are presented to demonstrate the utility of the models.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Industrial Engineering International ; ISSN: 2251-712X ; Volume: 11 ; Year: 2015 ; Pages: 427-437 ; Heidelberg: Springer
- Classification
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Management
- Subject
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Inventory
EPQ
Non-instantaneous deterioration
Holding cost
- Event
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Geistige Schöpfung
- (who)
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Ghasemi, Naser
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2015
- DOI
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doi:10.1007/s40092-015-0110-1
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ghasemi, Naser
- Springer
Time of origin
- 2015
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