An EOQ model for a deteriorating item with non-linear demand under inflation and a trade credit policy

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An EOQ model for a deteriorating item with non-linear demand under inflation and a trade credit policy

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This paper develops an infinite time-horizon deterministic economic order quantity (EOQ) inventory model with deterioration based on discounted cash flows (DCF) approach where demand rate is assumed to be non-linear over time. The results are illustrated with a numerical example. Sensitivity analysis of the optimal solution with respect to the parameters of the system is carried out.

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Nội dung Text: An EOQ model for a deteriorating item with non-linear demand under inflation and a trade credit policy

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