An EOQ model for deteriorating products with backorder and fixed transportation cost

Abstract This paper deals buyer-vendor EOQ Inventory model for deteriorating product with fixed transportation cost. Optimum technique is used to find optimum order quantity and also developed for equal benefits of both buyer-vendor with co-ordination system. In order to reduce the total inventory c...

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Bibliographic Details
Published inJournal of physics. Conference series Vol. 1770; no. 1; p. 12100
Main Authors Girija Bai, H., Mohamed Ismail, A., Kaviya, D., Muniappan, P.
Format Journal Article
LanguageEnglish
Published Bristol IOP Publishing 01.03.2021
Subjects
Backorders
Deterioration
Inventory management
Mathematical models
Numerical models
Operating costs
Order quantity
Physics
Transportation
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Summary:Abstract This paper deals buyer-vendor EOQ Inventory model for deteriorating product with fixed transportation cost. Optimum technique is used to find optimum order quantity and also developed for equal benefits of both buyer-vendor with co-ordination system. In order to reduce the total inventory cost, optimum order quantity and backorder levels are determined. We develop a production inventory model with screening and disposed cost for deteriorating products. shortages are not allowed in the inventory system. The buyer takes decision(disposed or screened)for damaged product. The proposed model is illustrated through numerical models.
ISSN:1742-6588
1742-6596
DOI:10.1088/1742-6596/1770/1/012100