Economic order quantity for deteriorating items under inflation with time and advertisement dependent demand
This paper focuses on an economic order quantity model for deteriorating items with time and advertisement dependent demand under the effect of inflation. The items in inventory deteriorate at a constant rate. The expenses on advertisement depend on the effort of the firm. The objective of the study...
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| Veröffentlicht in: | Opsearch 2017-03, Vol.54 (1), p.168-180 |
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| creator | Shah, Nita H. Vaghela, Chetansinh R. |
| description | This paper focuses on an economic order quantity model for deteriorating items with time and advertisement dependent demand under the effect of inflation. The items in inventory deteriorate at a constant rate. The expenses on advertisement depend on the effort of the firm. The objective of the study is to maximize profit function with respect to initial lot size and investment in advertisement. The concavity of the profit function is shown graphically with respect to the decision variable. Numerical example is provided to illustrate the model. Further, sensitivity analysis is carried out to study the effects of different parameters. |
| doi_str_mv | 10.1007/s12597-016-0274-5 |
| format | Article |
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Further, sensitivity analysis is carried out to study the effects of different parameters.</description><subject>Advertisements</subject><subject>Boundary conditions</subject><subject>Business and Management</subject><subject>Demand</subject><subject>Demand (economics)</subject><subject>Deterioration</subject><subject>Inflation</subject><subject>International</subject><subject>Inventory</subject><subject>Inventory management</subject><subject>Management</subject><subject>Mathematical analysis</subject><subject>Mathematical models</subject><subject>Mathematics</subject><subject>Operations Research/Decision Theory</subject><subject>Order processing</subject><subject>Order quantity</subject><subject>Sensitivity analysis</subject><subject>Studies</subject><subject>Theoretical Article</subject><subject>Time to market</subject><issn>0030-3887</issn><issn>0975-0320</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2017</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp1kM1qHDEQhAcTgx3HD-CbIJdcJm6NZvRzDMZxDIZckrPQSq21lhlpLWkc_PbRZn0IBp-66P6qaKrrrih8pQDiutBhUqIHynsYxNhPJ905KDH1wAb40DQw6JmU4qz7WMoOgI8gx_NuvrUppiVYkrLDTJ5WE2uoL8SnTBxWzCFlU0PcklBxKWSNByxEP7dtiuRPqI-khgWJiY4Y94y5hoILxtr8e2z4P7W086fu1Ju54OXrvOh-f7_9dfOjf_h5d3_z7aG3TELtvbNcTlR6prx3qMTY1tJRwfjGcMOZ8ZKPGxhGhQaptRNXVoD1oJxj4NlF9-WYu8_pacVS9RKKxXk2EdNaNJWKSQUj4w39_AbdpTXH9l2jxASTpGJoFD1SNqdSMnq9z2Ex-UVT0If-9bF_3frXh_711DzD0VMaG7eY_0t-1_QXVvmKGA</recordid><startdate>20170301</startdate><enddate>20170301</enddate><creator>Shah, Nita H.</creator><creator>Vaghela, Chetansinh R.</creator><general>Springer India</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7TB</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>8FL</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FR3</scope><scope>FRNLG</scope><scope>F~G</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>K8~</scope><scope>L.-</scope><scope>L6V</scope><scope>M0C</scope><scope>M7S</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>Q9U</scope><orcidid>https://orcid.org/0000-0003-1605-4778</orcidid></search><sort><creationdate>20170301</creationdate><title>Economic order quantity for deteriorating items under inflation with time and advertisement dependent demand</title><author>Shah, Nita H. ; 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| language | eng |
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| source | SpringerNature Journals |
| subjects | Advertisements Boundary conditions Business and Management Demand Demand (economics) Deterioration Inflation International Inventory Inventory management Management Mathematical analysis Mathematical models Mathematics Operations Research/Decision Theory Order processing Order quantity Sensitivity analysis Studies Theoretical Article Time to market |
| title | Economic order quantity for deteriorating items under inflation with time and advertisement dependent demand |
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