Two warehouses Inventory Model with Stock-dependent demand and Maximum life time

Author & Affiliation:
A. K. MALIK
Associate Professor, Department of Mathematics, B.K. Birla Institute of Engineering & Technology, Pilani, Rajasthan (India)
SANJAY KUMAR
Research Scholar, Department of Mathematics, Singhania University Pacheri badi, Jhunjhunu Rajasthan, (India)
SATISH KUMAR (skg22967@gmail.com)
Associate Professor, Department of Mathematics, D.N. PG College, Meerut, U.P. (India)
Keyword:
Inventory, rented warehouse, own warehouse, backlogging rate, maximum life time
Issue Date:
October, 2017
Abstract:

In this paper, a two warehouses inventory model with stock-dependent demand has been studied. In case there is limited capacity of the owned warehouse (OW), another warehouse is used named rented warehouse (RW) for large ordered quantity. The deterioration rate of inventory items is different in both the warehouses. In the case of OW, we allow for shortages and consider the time dependent backlogging rate. To achieve the optimal ordered quantity and the optimal interval for the total inventory cost, a solution procedure is established and it concludes the developed model with further extended environments.

Pages:
309-318
ISSN:
2319-8052 (Online) - 2231-3478 (Print)
Source:
DOI:
http://dx.doi.org/10.22147/jusps-B/291009
Share This:
Facebook Twitter Google Plus LinkedIn Reddit

Copy the following to cite this article:

A. K. Malik; S. Kumar; S. Kumar, "Two warehouses Inventory Model with Stock-dependent demand and Maximum life time", Journal of Ultra Scientist of Physical Sciences, Volume 29, Issue 10, Page Number 309-318, 2017

Copy the following to cite this URL:

A. K. Malik; S. Kumar; S. Kumar, "Two warehouses Inventory Model with Stock-dependent demand and Maximum life time", Journal of Ultra Scientist of Physical Sciences, Volume 29, Issue 10, Page Number 309-318, 2017

Available from: http://www.ultraphysicalsciences.org/paper/863/

Ansari Education And Research Society
Facebook Google Plus Twitter
Website developed by