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EOQ model for an inventory with a linear trend in demand and finite rate of replenishment considering shortages

Adrijit Goswami, Kripasindhu Chaudhuri

Open publisher page 54 citations

Abstract

An economic order quantity (EOQ) model is developed for an item with a deterministic time-dependent demand pattern with a linear (positive) trend. It is assumed that the inventory is replenished at a uniform rate. The model is solved allowing either no shortage or a shortage in the inventory. The procedures of applying the results in practical cases are illustrated with the help of numerical examples.

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What this paper is about

An economic order quantity (EOQ) model is developed for an item with a deterministic time-dependent demand pattern with a linear (positive) trend. It is assumed that the inventory is replenished at a uniform rate. The model is solved allowing either no shortage or a shortage in the inventory. The procedures of applying the results in practical cases are illustrated with the help of numerical examples.

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OpenAlex reports 54 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

An economic order quantity (EOQ) model is developed for an item with a deterministic time-dependent demand pattern with a linear (positive) trend. It is assumed that the inventory is replenished at a uniform rate. The model is solved allowing either no shortage or a shortage in the inventory. The procedures of applying the results in practical cases are illustrated with the help of numerical examples.

Key concepts: Economic order quantity, Economic shortage, Order (exchange), Economics, Operations research, Mathematical optimization, Computer science, Mathematics

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EOQ model for an inventory with a linear trend in demand and finite rate of replenishment considering shortages — Research Paper | ScholarLens