An EPQ Model for Deteriorating Items with Advertisement and Selling Price dependent Demand under the Partial Trade Credit Policy

Abstract

In this present research work, we developed an economic product quantity model for deteriorating items. In this model, we used the selling price and advertising-dependent demand function with the impact of the partial trade credit policy. The entire research work is carried out under the impact of inflation with different costs. The trade credit policy is applied in different cases and our main objective of this model is to get the maximum profit. To establish mathematical model numerical examples and sensitivity analysis solved for different cases. And optimum values of the decision parameters show the optimality of the model and the graphical part shows the concavity of the model.