Volume : V, Issue : XI, November - 2016

Economic Order Quantity Model for MultiItem with Shortages and Trade Credit Policy

Mukesh Kumar Jain

Abstract :

 In this paper, an economic order quantity model is developed for multi–item with constant demand under the effect of trade credit policy. Shortages are considered which are fully backlogged. It is assumed that trade credit periods for different items are known and fixed. Model is developed for two different cases depending on the values of trade credit period and the duration of positive inventory. To obtain the optimal policy two different theorems has been developed. Models are illustrated with the help of numerical example. Sensitive analysis is also carried out with respect to different key parameters

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Mukesh Kumar Jain, Economic Order Quantity Model for MultiItem with Shortages and Trade Credit Policy, International Journal of Scientific Research, Volume : 5 | Issue : 11 | November 2016

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