Sana, Shibsankar; Chaudhuri, K. S. An EOQ model with time-dependent demand, inflation and money value for a ware-house enterpriser. (English) Zbl 1136.90377 Adv. Model. Optim. 5, No. 2, 135-146 (2003). Summary: A mathematical model for perishable items that follows Weibull distribution is developed, considering time dependent demand rate, inflation and money value. The concerned problem is solved analytically with the help of Simpson’s 1/3rd formula and Newton-Raphson method. An optimal production policy is derived with maximization of profit as the criterion of optimality. The result is illustrated with a numerical example. Sensitivity of the optimal solution to changes in the values of some key parameters is also studied. Cited in 2 Documents MSC: 90B50 Management decision making, including multiple objectives 90B05 Inventory, storage, reservoirs PDFBibTeX XMLCite \textit{S. Sana} and \textit{K. S. Chaudhuri}, Adv. Model. Optim. 5, No. 2, 135--146 (2003; Zbl 1136.90377) Full Text: Link