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An Integrated Economic Order Quantity Model Involving Inventory Level and Ware House Capacity Constraint.

Authors :
MUNIAPPAN, P.
RAVITHAMMAL, M.
MEERAL, M. HAJ
Source :
International Journal of Pharmaceutical Research (09752366). Jul-Sep2020, Vol. 12 Issue 3, p791-793. 3p.
Publication Year :
2020

Abstract

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. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
*INVENTORIES
*LAGRANGE multiplier

Details

Language :
English
ISSN :
09752366
Volume :
12
Issue :
3
Database :
Academic Search Index
Journal :
International Journal of Pharmaceutical Research (09752366)
Publication Type :
Academic Journal
Accession number :
155409507
Full Text :
https://doi.org/10.31838/ijpr/2020.12.03.113