Nonlinear Phenomena in Complex Systems, 2005, Vol.8, No.3, pp.281-289

NONLINEAR PHENOMENA IN COMPLEX SYSTEMS
An Interdisciplinary Journal

2005, Vol.8, No.3, pp.281-289

An EPLS Model with Stock-Dependent and Price-Dependent Demand Rate.
Shibsankar Sana

An Economic Production Lot Sizing model (EPLS) is extended analytically in which stock-dependent and price-dependent demand in the market is adjusted by variably rate of production. The rate of production depends upon also on-hand inventory. The relevant profit function of this model is maximized by Kuhn-Tucer Method. The model is also illustrated by numerical example.
Key words: inventory, rate of production, stock-dependent, price-dependent demand

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