• GENERALIZED FRACTIONAL ORDER EOQ MODEL WHEN DEMAND IS STOCK DEPENDENT

ASIM KUMAR DAS1*; TAPAN KUMAR ROY

• GENERALIZED FRACTIONAL ORDER EOQ MODEL WHEN DEMAND IS STOCK DEPENDENT

ASIM KUMAR DAS1*, TAPAN KUMAR ROY

Abstract

In this article, we have developed a fractional order EOQ model, where demand is not assumed to be constant or time dependent. In many classical EOQ model it has been taken that demand may occur as stock dependent. Our objective in this article is to describe a generalized fractional order EOQ model with stock dependent demand.

Keywords

Fractional differentiation, Fractional Integration, Fractional Differential Equation, Set up Cost, Holding Cost, Economic Order Quantity.

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