A Deterministic Model with Uniform Rate of Demand, Infinite Rate of Production
Keywords:
EPQ Model, Infinite Rate of Production, Shortages, Deteriorating Items, Two-Parameter Exponential DistributionAbstract
An Economic Production Quantity (EPQ) model is developed for deteriorating items of two-parameter exponential distribution with a constant deteriorating rate. The rate of demand is uniform and the rate of replenishment is infinite. Shortages are allowed and to be back logged. The average total cost is minimized to decide the time of production run. Hence the economic lot size is obtained. The result is illustrated by various numerical examples with Figures and Tables.
How to cite this article: Chaksu R, Chauhan BK. A Deterministic Model with Uniform Rate of Demand, Infinite Rate of Production. J Adv Res Prod Ind Engg 2020; 7(1): 1-4.
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