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On the Entropic Order Quantity Model Based on the Conformable Calculus

  • Ajman University
  • IEEE
  • University of Jordan

Research output: Contribution to journalArticlepeer-review

3 Scopus citations

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 languageEnglish
Pages (from-to)263-273
Number of pages11
JournalProgress in Fractional Differentiation and Applications
Volume7
Issue number4
DOIs
StatePublished - Oct 2021

Keywords

  • Fractional operator
  • conformable calculus
  • conformable differential operator
  • cost function
  • economic order quantity
  • fractional calculus
  • fractional entropy

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