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An Integrated Economic Order Quantity Model Involving Inventory Level and Ware House Capacity Constraint
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| Author:
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P. MUNIAPPAN, M. RAVITHAMMAL, M. HAJ MEERAL
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| Abstract:
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In this study, an integrated economic order quantity inventory model for deteriorating items with inventory level and ware house capacity constraint is considered. The proposed model allows shortage for buyer and demand to be considered as a constant. By using Lagrange’s multiplier technique optimum order quantity is obtained to minimize the system cost while satisfies the both constraints. Numerical examples are also illustrating developed model.
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| Keyword:
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Inventory, EOQ, Defective Items, Lagrange’s Multiplier.
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| EOI:
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-
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| DOI:
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https://doi.org/10.31838/ijpr/2020.12.03.113
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| Download:
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