Fractional Order EOQ Model with Linear Trend of Time-Dependent Demand | Zendy

Asim Kumar Das | Zendy; Tapan Kumar Roy | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Fractional Order EOQ Model with Linear Trend of Time-Dependent Demand

Author(s) -

Asim Kumar Das,

Tapan Kumar Roy

Publication year - 2015

Publication title -

international journal of intelligent systems and applications

Language(s) - English

Resource type - Journals

eISSN - 2074-9058

pISSN - 2074-904X

DOI - 10.5815/ijisa.2015.03.06

Subject(s) - economic order quantity , economic shortage , constant (computer programming) , order (exchange) , computer science , differential (mechanical device) , mathematical optimization , mathematics , mathematical economics , economics , thermodynamics , supply chain , linguistics , philosophy , finance , government (linguistics) , political science , law , programming language , physics

In this paper we introduce the classical EOQ model with a linear trend of time-dependent demand having no shortages using the concept of fractional calculus. The application of fractional calculus has been already used in classical EOQ model where the demand is assumed to be constant. In this present article fractional differential calculus can be used to describe EOQ model with time-dependent linear trend of demand to develop more generalized EOQ model. Here, we want to discuss more deeply its role as a tool for describing the traditional classical EOQ model with time dependent demand.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research