ECONOMIC ORDERING POLICY OF DETERIORATING ITEM WITH INCREMENTAL DISCOUNT UNDER PERMISSIBLE DELAY IN PAYMENTS

Nafisah, Laila and Khannan, Muhammad Shodiq Abdul and Shidiq, Sabti Andhany (2016) ECONOMIC ORDERING POLICY OF DETERIORATING ITEM WITH INCREMENTAL DISCOUNT UNDER PERMISSIBLE DELAY IN PAYMENTS. ARPN Journal of Engineering and Applied Sciences, 11 (16). pp. 9999-10003. ISSN 18196608

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Abstract

In the classical Wilson’s economic ordering quantity model, it was assumed that the goods can be held infinitely for future demand. However, in practices, as most items we deal with such goods required considering the factors of short shelf life, then some suppliers tries to reduce their lost by offering incremental quantity discount. This paper will try to combine and modify several basic models of deterministic inventory control to design a model for deteriorating item by considering quantity incremental discount under permissible delay in payments. Heuristic approach is used to solve the models. A numerical example has been solved to illustrate the model.

Item Type: Article
Uncontrolled Keywords: EOQ, deteriorating item, incremental discount, permissible delay in payments
Subjects: T Technology > TS Manufactures
Divisions: Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: MUHAMMAD SHODIQ ABDUL KHANNAN
Date Deposited: 24 Feb 2017 06:42
Last Modified: 24 Feb 2017 06:42
URI: http://eprints.upnyk.ac.id/id/eprint/11414

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