Some Investigations on Inflation Induced EOQ Models

In the first chapter we have formulated an economic order quantity (EOQ) model for deteriorating items with power demand. Shortages are also taken into account. In the second chapter an attempt is made to establish optimal order policies when supplier offers a permissible delay in payment considering two types of demand (i) cash- demand and (ii) credit –demand. In the third chapter three EOQ models for three different holding cost functions have been developed. Since stock dependent consumption rate ‘β’ is small we simplified the model by assuming βt as a small value. In the fourth chapter we have developed an EOQ model for deteriorating products by assuming rate of demand is quadratic with respect to time. In the fifth chapter a comparative study is made between without shortage case and with shortage case. We have given the numerical formulation of the problem discussed above and then obtained optimal solution.