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A platform for research: civil engineering, architecture and urbanism
An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect
We developed an economic order quantity (EOQ) model with a learning effect and carbon emissions under inflationary conditions and inspection for retailers where the items deteriorate naturally. Finally, the total profit of the retailer is maximized with respect to cycle length. A sensitivity analysis was also performed to understand the robustness of the model. In the sensitivity analysis, we discuss the impact of learning rate, inflation rate, and deterioration rate on lot size and length of the cycle, as well as the retailer’s entire profit function. Observations and managerial insights are discussed. The effect of inventory parameters on the total profit is shown in the sensitivity section.
An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect
We developed an economic order quantity (EOQ) model with a learning effect and carbon emissions under inflationary conditions and inspection for retailers where the items deteriorate naturally. Finally, the total profit of the retailer is maximized with respect to cycle length. A sensitivity analysis was also performed to understand the robustness of the model. In the sensitivity analysis, we discuss the impact of learning rate, inflation rate, and deterioration rate on lot size and length of the cycle, as well as the retailer’s entire profit function. Observations and managerial insights are discussed. The effect of inventory parameters on the total profit is shown in the sensitivity section.
An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect
Osama Abdulaziz Alamri (author) / Mahesh Kumar Jayaswal (author) / Faizan Ahmad Khan (author) / Mandeep Mittal (author)
2022
Article (Journal)
Electronic Resource
Unknown
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