Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy

<!DOCTYPE html>    <html>  <head> <meta charset="utf-8" /> <title>Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy</title>  <link rel="shortcut icon" type="image/ico" href="./data/ijsom/coversheet/favicon.ico" />  <meta name="viewport" content="width=device-width, maximum-scale=1, initial-scale=1, user-scalable=0" />   <meta name="keywords" content="Production,Demand,Inventory,Lot- size,Reduction,Total cost" /> <meta name="description" content="In this paper production inventory (EPQ) model by means of incorporate cost diminution release strategy is considered. Production and demand both are simultaneous process in the real world Production and demand rate are considered to be time- linked. Two models (i) production inventory and (ii) manufacture inventory model in the midst of amalgamating cost decline delivery procedure are discussed. Mathematical formulations are provided to find optimal solution for both models. The objective of this study is to obtain optimal order measure to examine the outcome of lessening for cost release plan in the EPQ model. Best possible fabrication lot size model is developed that diminishes total cost. The sensitivity analysis is discussed for variation of different parameters." /> <meta name="title" content="Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy" /> <meta name="googlebot" content="NOODP" /> <meta name="citation_title" content="Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy" /> <meta name="citation_author" content="Tripathi, Rakesh Prakash" /> <meta name="citation_author_institution" content="Graphic Era (Deemed to be University), Dehradun, India" /> <meta name="citation_author" content="Mishra, Sachin" /> <meta name="citation_author_institution" content="Department of Applied Sciences and Humanities, KNIT, Sultanpur (UP) India" /> <meta name="citation_abstract" content="In this paper production inventory (EPQ) model by means of incorporate cost diminution release strategy is considered. Production and demand both are simultaneous process in the real world Production and demand rate are considered to be time- linked. Two models (i) production inventory and (ii) manufacture inventory model in the midst of amalgamating cost decline delivery procedure are discussed. Mathematical formulations are provided to find optimal solution for both models. The objective of this study is to obtain optimal order measure to examine the outcome of lessening for cost release plan in the EPQ model. Best possible fabrication lot size model is developed that diminishes total cost. The sensitivity analysis is discussed for variation of different parameters." /> <meta name="citation_id" content="2794" /> <meta name="citation_publication_date" content="2019/08/01" /> <meta name="citation_date" content="2019-08-01" /> <meta name="citation_journal_title" content="International Journal of Supply and Operations Management" /> <meta name="citation_issn" content="23831359" /> <meta name="citation_volume" content="6" /> <meta name="citation_issue" content="3" /> <meta name="citation_firstpage" content="264" /> <meta name="citation_lastpage" content="275" /> <meta name="citation_publisher" content="Kharazmi University" /> <meta name="citation_doi" content="10.22034/2019.3.6" /> <meta name="DC.Identifier" content="10.22034/2019.3.6" /> <meta name="citation_abstract_html_url" content="http://www.ijsom.com/article_2794.html" /> <meta name="citation_pdf_url" content="http://www.ijsom.com/article_2794_c486b43ec1eada9f0790d6bf2084b919.pdf" /> <meta name="DC.Title" content="Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy" /> <meta name="DC.Source" content="International Journal of Supply and Operations Management" /> <meta name="DC.Date" content="01/08/2019" /> <meta name="DC.Date.issued" content="2019-08-01" /> <meta name="DC.Format" content="application/pdf" /> <meta name="DC.Contributor" content="Tripathi, Rakesh Prakash" /> <meta name="DC.Contributor" content="Mishra, Sachin" /> <meta name="og:title" content="Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy" /> <meta name="og:description" content="In this paper production inventory (EPQ) model by means of incorporate cost diminution release strategy is considered. Production and demand both are simultaneous process in the real world Production and demand rate are considered to be time- linked. Two models (i) production inventory and (ii) manufacture inventory model in the midst of amalgamating cost decline delivery procedure are discussed. Mathematical formulations are provided to find optimal solution for both models. The objective of this study is to obtain optimal order measure to examine the outcome of lessening for cost release plan in the EPQ model. Best possible fabrication lot size model is developed that diminishes total cost. 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Production and demand both are simultaneous process in the real world Production and demand rate are considered to be time- linked. Two models (i) production inventory and (ii) manufacture inventory model in the midst of amalgamating cost decline delivery procedure are discussed. Mathematical formulations are provided to find optimal solution for both models. The objective of this study is to obtain optimal order measure to examine the outcome of lessening for cost release plan in the EPQ model. Best possible fabrication lot size model is developed that diminishes total cost. The sensitivity analysis is discussed for variation of different parameters.</div> <p class="padding-0" style="margin:12px -2px 0 -2px"><strong>Keywords</strong></p> <ul class="block list-inline list-inline-seprator margin-bottom-6 ltr"> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=430&_kw=Production" >Production</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106026&_kw=Demand" >Demand</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=102124&_kw=Inventory" >Inventory</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106027&_kw=Lot-+size" >Lot- size</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106028&_kw=Reduction" >Reduction</a> </li> <li class="padding-3"> <a class="tag_a" href="./?_action=article&kw=106029&_kw=Total+cost" >Total cost</a> </li> </ul> <p class="padding-0" style="margin:12px -2px 0 -2px"><strong>Main Subjects</strong></p> <ul class="block list-inline list-inline-seprator margin-bottom-6"> <li class="padding-3"> <a href="./?_action=article&sb=156&_sb=production+%26amp%3B+inventory+management" >production & inventory management</a> </li> </ul> </div> <hr> <div class="page_break"></div> <div class="panel"> <div class="panel-heading card-header"> <h4 class="panel-title "> <a data-toggle="collapse" data-parent="#accordions" href="#collapsesRef"><i class="fa fa-plus"></i> References</a> </h4> </div> <div id="collapsesRef" class="panel-collapse collapse"> <div class="panel-body justify"> <div class="padding-3 margin-top-3 ltr justify">Agarwal, N. 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A new variable production scheduling strategy for deteriorating item with time- varying demand and partial lost sale. <em>Computers and Operations Research</em>, 30(12), 1753-1776.</div> </div> </div> </div> </div> </div>   <div class="col-lg-3 col-md-3 col-sm-4"> <div class="panel panel-default my_panel-default margin-bottom-10"> <div class="panel-body ar_info_pnl" id="ar_info_pnl_cover"> <div id="pnl_cover"> <div class="row" > <div class="col-xs-6 col-md-6 nomargin-bottom"> <a href="javascript:loadModal('International Journal of Supply and Operations Management', './data/ijsom/coversheet/cover_en.jpg')"> <img src="data/ijsom/coversheet/cover_en.jpg" alt="International Journal of Supply and Operations Management" style="width: 100%;"> </a> </div> <div class="col-xs-6 col-md-6 nomargin-bottom"> <h6><a href="./issue_516_519.html">Volume 6, Issue 3 - Serial Number 3</a><br/>August 2019<div id="sp_ar_pages">Pages <span dir="ltr">264-275</span></div></h6> </div> </div> </div> </div> </div> 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<ul class="list-group list-group-bordered list-group-noicon" style="display:block !important;max-height:9999px"> <li class="list-group-item"><a class="tag_a">Article View: <i>847</i></a></li> <li class="list-group-item"><a class="tag_a">PDF Download: <i>416</i></a></li> </ul> </div> </div> </div> </div>  </div> </section> <div id="cite-apa" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">APA</h4> </div>  <div class="modal-body"> <p>Tripathi, R., & Mishra, S. (2019). Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy. <em>International Journal of Supply and Operations Management</em>, 6(3), 264-275. doi: 10.22034/2019.3.6</p> </div> </div> </div> </div> <div id="cite-mla" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">MLA</h4> </div>  <div class="modal-body"> <p>Rakesh Prakash Tripathi; Sachin Mishra. "Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy". <em>International Journal of Supply and Operations Management</em>, 6, 3, 2019, 264-275. doi: 10.22034/2019.3.6</p> </div> </div> </div> </div> <div id="cite-harvard" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">HARVARD</h4> </div>  <div class="modal-body"> <p>Tripathi, R., Mishra, S. (2019). 'Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy', <em>International Journal of Supply and Operations Management</em>, 6(3), pp. 264-275. doi: 10.22034/2019.3.6</p> </div> </div> </div> </div> <div id="cite-vancouver" class="modal fade" tabindex="-1" role="dialog" aria-labelledby="myModalLabel" aria-hidden="true"> <div class="modal-dialog"> <div class="modal-content">  <div class="modal-header"> <button type="button" class="close" data-dismiss="modal" aria-label="Close"><span aria-hidden="true">×</span></button> <h4 class="modal-title" id="myModalLabel">VANCOUVER</h4> </div>  <div class="modal-body"> <p>Tripathi, R., Mishra, S. Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy. <em>International Journal of Supply and Operations Management</em>, 2019; 6(3): 264-275. doi: 10.22034/2019.3.6</p> </div> </div> </div> </div> </div> </div>   <section class="alternate padding-xxs"> </section>   <div class="container"> <footer id="footer"> <div class="scrollup" id="scroll" href="#"><span></span></div> <div class="row"> <div class="col-md-2">  <h4 class="">Explore Journal</h4> <ul class="footer-links list-unstyled"> <li id="fli_home"><a href="./">Home</a></li> <li id="fli_about"><a href="./journal/about">About Journal</a></li> <li id="fli_Edb"><a href="./journal/editorial.board">Editorial Board</a></li> <li id="fli_submit"><a href="./author">Submit Manuscript</a></li> <li id="fli_contactus"><a href="./journal/contact.us">Contact Us</a></li> <li id="fli_glossary"><a href="./journal/glossary">Glossary</a></li> <li id="fli_order_hrdj"><a href="./journal/subscription.form">Hard Copy Subscription</a></li> <li id="fli_sitemap"><a href="./sitemap.xml?usr">Sitemap</a></li> </ul>  </div> <div class="col-md-3">  <h4 class="">Latest News</h4> <ul class="footer-posts list-unstyled"> <li> <a href="./news?newsCode=173">SD of ISC: Sustainable Development of Intelligent Supply Chains based on Trends and Future Directions: Application of Novel Solution Techniques</a> <small class="ltr">2023-03-05</small> </li> </ul>  </div> <div class="col-md-3">  <div><p><a title="Linkedin" href="http://www.linkedin.com/company/ijsom?trk=eml-cp_mktg-btn-welcome-20120607%2F"><img src="images/linkedin.jpg" alt="linkedin" /></a></p></div>  </div> <div class="col-md-4">  <h4 class="">Newsletter Subscription</h4> <p>Subscribe to the journal newsletter and receive the latest news and updates</p> <form class="validate" action="" method="post" data-success="Subscription saved successfully." data-toastr-position="bottom-right"> <input type="hidden" name="_token" value="51d3ce7bf94e1cd791f025f448e868ff975b6185ed260f5e"/> <div class="input-group"> <span class="input-group-addon"><i class="fa fa-envelope"></i></span> <input type="email" id="email" name="email" required="required" class="form-control required sbs_email" placeholder="Enter your Email" oninvalid="this.setCustomValidity('Enter a valid email address.')" oninput="this.setCustomValidity('')"> <span class="input-group-btn"> <button class="btn btn-primary mybtn" type="submit">Subscribe</button> </span> </div> </form>   <div class="margin-top-20"> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Facebook"> <i class="fa fa-facebook-square" aria-hidden="true"></i> </a> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Twitter"> <i class="fa fa-twitter-square" aria-hidden="true"></i> </a> <a class="noborder" href="" target="_blank" class="social-icon social-icon-border social-facebook pull-left block" data-toggle="tooltip" data-placement="top" title="Linkedin"> <i class="fa fa-linkedin-square" aria-hidden="true"></i> </a> <a class="noborder" href="./ju.rss" class="social-icon social-icon-border social-rss pull-left block" data-toggle="tooltip" data-placement="top" title="Rss"><i class="fa fa-rss-square" aria-hidden="true"></i></a> </div> </div> </div> <div class="copyright" style="position: relative"> <ul class="nomargin list-inline mobile-block"> <li>© Journal Management System. <span id='sp_crt'>Powered by <a target='_blank' href='https://www.sinaweb.net/'>Sinaweb</a></span></li> </ul> </div> </footer> </div>  </div>   <a href="#" id="toTop_old"></a>  <div id="preloader"> <div class="inner"> <span class="loader"></span> </div> </div>  <script type="text/javascript">var plugin_path = './themes/base/front/assets/plugins/';</script> <script type="text/javascript" src="./themes/base/front/assets/js/scripts.js?v=0.02"></script>   <script type="text/javascript"> $('ul.nav li.dropdown').hover(function() { if (window.matchMedia('(max-width: 767px)').matches) return; 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Innovative Study of EPQ Model with Time Induced Demand under Decline Release Policy