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Economic Ordering Policies for Growing Items (Poultry) with Trade-Credit Financing

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Abstract

Numerous economic order quantity (EOQ) models have by and large been ascertained for assembling items. Several distinctive EOQ models have been anticipated in order to incorporate the significant features related to a particular class of items. This paper intends a model aimed at a particular class of inventory i.e. growing items. Some genuine instances of growing items are poultry and livestock. We commence by intending a wide-ranging scientific model, that might be utilized for several categories of growing items, trailed by a specific numerical model considering a certain category of chickens. The model aims to ascertain the optimum order quantity of the items to be ordered in the beginning of a cycle, the optimum length of the growing cycle and the optimum total profit of the retailer in the presence of allowable deferment in payments. Numerical examples are provided to represent the model. A sensitive study is exhibited to examine the impact of the primary factors of the model as far as it’s decision variables and objective function are considered.

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Authors and Affiliations

  1. Department of Mathematics, Amity Institute of Applied Sciences, Amity University Uttar Pradesh, Uttar Pradesh, Sector-125, Noida, 201313, India

    Mandeep Mittal & Mehak Sharma

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  1. Mandeep Mittal
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  2. Mehak Sharma
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Correspondence to Mandeep Mittal.

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Mittal, M., Sharma, M. Economic Ordering Policies for Growing Items (Poultry) with Trade-Credit Financing. Int. J. Appl. Comput. Math 7, 39 (2021). https://doi.org/10.1007/s40819-021-00973-z

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