An EOQ Model for Delayed Deteriorating Items with Linear Time Dependent Holding Cost

Abstract

An EOQ model for delayed deteriorating items with linear time dependent holding cost is considered in this paper. This is a little deviation from most inventory models that consider the holding cost to be constant. In this paper, permissible delay in payment is not considered rather the payment is made immediately the replenishment of the inventory is made. The optimal cycle length that gives the minimum total inventory cost was at the end determined and seven numerical examples are given.

Journal of the Nigerian Association of Mathematical Physics, Volume 20 (March, 2012), pp 393 – 398