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2013 (Vol. 5, Issue: 18)
Article Information:

An EOQ Model with Stock-Dependent Demand under Two Levels of Trade Credit and Time Value of Money

H.A.O. Jia-Qin and M.O. Jiangtao
Corresponding Author:  M.O. Jiangtao 

Key words:  Deteriorating items, EOQ model, stock-dependent demand, time value of money, two levels of trade credit, ,
Vol. 5 , (18): 4524-4529
Submitted Accepted Published
October 17, 2012 December 10, 2012 May 05, 2013
Abstract:

Since the value of money changes with time, it is necessary to take account of the influence of time factor in making the replenishment policy. In this study, to investigate the influence of the time value of money to the inventory strategy, an inventory system for deteriorating items with stock-dependent demand is investigated under two levels of trade credit. The method to efficiently determine the optimal cycle time is presented. Numerical examples are provided to demonstrate the model and the method.
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  Cite this Reference:
H.A.O. Jia-Qin and M.O. Jiangtao, 2013. An EOQ Model with Stock-Dependent Demand under Two Levels of Trade Credit and Time Value of Money.  Research Journal of Applied Sciences, Engineering and Technology, 5(18): 4524-4529.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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