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2016 | OriginalPaper | Chapter

An Optimal Partially Backlogged Policy of Deteriorating Items with Quadratic Demand

Authors : Trailokyanath Singh, Nirakar Niranjan Sethy, Ameeya Kumar Nayak, Hadibandhu Pattanayak

Published in: Computational Intelligence in Data Mining—Volume 1

Publisher: Springer India

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Abstract

An EOQ (Economic Order Quantity) model for a deteriorating item with quadratic demand pattern and quadratic holding cost and constant deterioration rate is considered in this paper. In addition, shortages and partial backlogging are allowed. It is assumed that the backlogging rate acts as not only a variable, but also depends on the length of the waiting time up to next replenishment during the stock out period. For this model, average total cost is derived. Finally, a numerical example for illustration is provided.

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Metadata
Title
An Optimal Partially Backlogged Policy of Deteriorating Items with Quadratic Demand
Authors
Trailokyanath Singh
Nirakar Niranjan Sethy
Ameeya Kumar Nayak
Hadibandhu Pattanayak
Copyright Year
2016
Publisher
Springer India
DOI
https://doi.org/10.1007/978-81-322-2734-2_2

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