ECONOMIC ORDER QUANTITY MODEL UNDER PARTIAL BACKLOGGING FOR ITEMS EXHIBITING DELAY IN DETERIORATION WITH PRICE, STOCK AND RELIABILITY DEMAND

Abstract

In this thesis, Mathematical models are formulated using Economic Order Quantity Model Under Partial Backlogging for Items Exhibiting Delay in Deterioration with Price, Stock and Reliability Demand where deterioration does not begin the moment they are stocked until after some period of time. The demand before and after deterioration depends on stock, price and reliability. The major objective is to maximize the profit function in order to determine the best inventory management policy. The result indicated that the profit function is maximized and Numerical examples are given to illustrate the applications of the model.