scholarly journals An Inventory Model for Time Dependent Deteriorate Rate and Variable Holding Cost

2019 ◽  
Vol 9 (1) ◽  
pp. 37-44
Author(s):  
Garima Sharma et al., Garima Sharma et al., ◽  
Keyword(s):  
Inventory Model ◽  
Time Dependent ◽  
Holding Cost ◽  
Variable Holding Cost

scholarly journals TWO-STORAGE FUZZY INVENTORY MODEL WITH TIME DEPENDENT DEMAND AND HOLDING COST UNDER ACCEPTABLE DELAY IN PAYMENT

2020 ◽  
Vol 25 (3) ◽  
pp. 441-460
Author(s):  
Boina Anil Kumar ◽  
Susanta Kumar Paikray ◽  
Umakanta Mishra
Keyword(s):  
Solution Procedure ◽  
Inventory Model ◽  
Time Dependent ◽  
Peak Time ◽  
Fuzzy Environment ◽  
Holding Cost ◽  
Variable Holding Cost ◽  
Fuzzy Inventory ◽  
End Stage ◽  
Dependent Demand

If we observe a real business market, the demand for items in each cycle is not in the same pattern, that is, for specific business cycle it may increase, stable or decrease (for instance, cool drinks from end stage of the summer to winter; the demand goes on decreasing, and from the end of winter to peak time of summer; the demand goes on increasing). Also, if the supplier permits for delay in payment, retailer wishes to buy more goods, and for which the retailer may need extra storage (in terms of a rented warehouse). Moreover, the retailer has always wished to sell the items before they expire and accordingly order is placed. Mostly the parameters in a real world inventory model are imprecise. Thus, in the proposed study an inventory model having decreasing time dependent demand pattern with variable holding cost for TwoStorage facility under acceptable delay in payment has been developed. Mathematical model of the problem and its solution procedure is discussed for both crisp and fuzzy environment in order to obtain the optimal replenishment time and cost. Also, numerical examples are discussed to validate the study. Finally, sensitivity analysis is also studied to describe the fluctuating scenario of associated parameters.

INVENTORY MODEL OF DETERIORATING ITEMS FOR LINEAR HOLDING COST WITH TIME DEPENDENT DEMAND

2015 ◽  
Vol 4 (1) ◽  
pp. 29-36
Author(s):  
N Mishra ◽  
SP Mishra ◽  
Srichandan Mishra ◽  
J Panda ◽  
UK Misra
Keyword(s):  
Inventory Model ◽  
Deteriorating Items ◽  
Time Dependent ◽  
Holding Cost ◽  
Dependent Demand
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