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Bulletin of Pure and Applied Sciences- Math& Stat. (Started in 1982)
eISSN: 2320-3226
pISSN: 0970-6577
Impact Factor: 4.895 (2017)
DOI: 10.5958/2320-3226
Editor-in-Chief:  Prof. Dr. Lalit Mohan Upadhyaya
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Article Details

Bulletin of Pure and Applied Sciences- Math& Stat. (Started in 1982)
Year : 2019, Volume & Issue : BPAS-Maths & Stat 38E(1), JAN-JUN 2019
Page No. : 25-30, Article Type : Original Aticle
Article DOI : 10.5958/2320-3226.2019.00003.1 (Received on 01.08.2018, Revised on 29.11.2018, Accepted on 24.12.2018)

ECONOMIC ORDER QUANTITY MODEL WITH PRODUCTION PLAN FOR SEQUENTIALLY CONVERTIBLE ITEM

Uttam Kumar Khedlekar*
Author’s Affiliation : [email protected]

Corresponding Author : Uttam Kumar Khedlekar, Department of Mathematics and Statistics, Dr. Harisingh Gour Vishwavidyalaya (A Central University), Sagar, M.P., India-470003,
E-Mail:-[email protected]


Abstract

An economic quantity and production plan is developed for sequentially convertible items for deteriorating items. The initial form of an item sequentially converts into another form and different nature of items. In this process conversion cost and times need to convert the item. We have considered that demand of an item is different for different converted items, also the deterioration rates are different. For example, milk is converted into curd, curd into butter and butter into ghee after different durations of time. Managerial insights are provided for convertible items. Conversion of items needs conversion cost and conversion time.

2010 AMS Mathematics Subject Classification: 90B05, 90B50.

Keywords

Inventory, Sequentially Convertible item, Conversion cost, Conversion time.
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