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Chinese Journal of Management Science ›› 2005, Vol. ›› Issue (3): 44-49.

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An EOQ Model for Deteriorating Items with Time-Varying Demand Purchase Price and Partial Backlogging

LUO Bing, YANG Shuai, XIONG Zhong-kai   

  1. College of Economy and Business Administration, Chongqing University, Chongqing, 400030, China
  • Received:2004-09-08 Revised:2005-05-30 Online:2005-06-28 Published:2012-03-07

Abstract: An EOQ model is developed for deteriorating items with time-varying demand purchase price and partial backlogging under stock dependent selling rate and time-value of system cost.A numerical example and sensitivity analysis are presented to illustrate the model by the software Mathematica version 4.1 The parameters associated with the model affect the optimal solution in various degrees.

Key words: partial backlogging, stock dependent selling rate, deterioration, time-varying demand, time-value of system cost

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