Abstract
In this paper, we present a dynamic system for economic order quantity (EOQ) by utilizing a special type of fractional calculus named conformable calculus. We present the generalized conformable entropy order quantity (C-EnOQ). In this situation, we supply the cost functions with reference to time in a recurring dated. In this system, we consider the linked optimization issue and improve an uninterrupted method for figuring a bounded interval casing the optimal arrangement expanse, exploiting the Tsallis fractional entropy.
| Original language | English |
|---|---|
| Pages (from-to) | 263-273 |
| Number of pages | 11 |
| Journal | Progress in Fractional Differentiation and Applications |
| Volume | 7 |
| Issue number | 4 |
| DOIs | |
| State | Published - Oct 2021 |
Keywords
- Fractional operator
- conformable calculus
- conformable differential operator
- cost function
- economic order quantity
- fractional calculus
- fractional entropy
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