Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4150
Title: An EOQ model for perishable items with constant demand and instant deterioration
Authors: Pattnaik, Monalisha
Keywords: Supply & demand
Economic demand
Perishable goods
Perishable foods
Deterioration of materials
Constant demand
Instant deterioration
Inventory
Perishable items
Issue Date: 2012
Publisher: Indian Institute of Management Calcutta, Kolkata
Series/Report no.: Vol.39;No.1
Abstract: A new type of replenishment policy is suggested in "An EOQ model for perishable items with constant demand and instant deterioration". This model represents an appropriate combination of constant demand for perishable items, particularly over a finite time horizon. Its main aim lies in the need for total payoff of the cycle time is a key feature of specific perishable product like fruits, vegetables, food stuffs, fishes etc. To handle this multiplicity of objectives in a pragmatic approach, economic ordering quantity model with instant deterioration of perishable items to optimize its payoff is proposed. This paper explores the economy of investing in economics of lot sizing in crisp (CEOQ) model. It introduces a new concept which satisfies the optimization property. The numerical results indicate that this can become a good model and can be replicated by researchers in neighbourhood of its possible extensions.
Description: Biosketch: Pattnaik, Monalisha, Faculty of Dept. of Business Administration, Utkal University,Vani Vihar, Bhubaneswer-751004
p55-61. 7p.
URI: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4150
ISSN: 0304-0941
Appears in Collections:Issue 1, April 2012

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