Two-Warehouse Inventory Control for Deteriorating Items Using Hybrid and Stock-Dependent Demand with Partial Backlogging

被引：0

作者：

Sachin Kumar Rana ^{[1
]}

Amit Kumar ^{[1
]}

机构：

[1] Department of Mathematics, Shaheed Mangal Pandey Government Girls Post Graduate College, Uttar Pradesh, Madhavpuram, Meerut

来源：

Operations Research Forum | / 5卷 / 4期

关键词：

Deterioration; Hybrid demand; Inventory model with two-warehouse facility; Partial backlogging;

D O I：

10.1007/s43069-024-00366-0

中图分类号：

学科分类号：

摘要：

The role of the shelf-life expiry date is crucial in inventory management. Food and medicines, among other products, are safe for human consumption only within their shelf lives. In this study, we established a deterministic inventory model for deteriorating items in two-warehouse systems with partial backlogs. This model considers the buyer’s demand rate for decaying items, which includes both a backlog component and hybrid demand dependent on the selling price and credit duration. We analyze a two-warehouse system where one warehouse is owned and the other is rented. The rental warehouse offers better preservation facilities compared to the owned warehouse. The rate of deterioration in the two warehouses may differ due to varying preservation conditions. To determine the optimal solution and function graph, we used Mathematica software. Finally, a sensitivity analysis was conducted to assess how variations in different factors affect the optimal strategy. © The Author(s), under exclusive licence to Springer Nature Switzerland AG 2024.

引用

共 36 条

[1]

Sarma K.V.S., A deterministic order level inventory model for deteriorating items with two storage facilities, Eur J Oper Res, 29, pp. 70-73, (1987)

[2]

Chung K.J., Huang Y.F., Optimal replenishment policies for EOQ inventory model with limited storage capacity under permissible delay in payments, Opsearch, 41, pp. 16-34, (2004)

[3]

Zhou Y.W., Yang S.L., A two-warehouse inventory model for items with stock-level-dependent demand rate, Int J Product Econ, 95, pp. 215-228, (2005)

[4]

Lee C.C., Hsu S.-L., A two-warehouse production model for deteriorating inventory items with timedependent demands, Eur J Oper Res, 194, pp. 700-710, (2009)

[5]

Kumar S.B., Sarkar B., Goswami A., A two-warehouse inventory model with increasing demand and time varying deterioration, Sci Iran, 19, pp. 1969-1977, (2012)

[6]

Panda G.C., Khan M.A.A., Shaikh A.A., A credit policy approach in a two-warehouse inventory model for deteriorating items with price-and stock-dependent demand under partial backlogging, J Ind Eng, 15, pp. 147-170, (2019)

[7]

Kumar B.A., Paikray S.K., Dutta H., Cost optimization model for items having fuzzy demand and deterioration with two-warehouse facility under the trade credit financing, AIMS Math, 5, pp. 1603-1620, (2020)

[8]

Rastogi M., Singh S.R., Kushwah P., Tayal S., Two warehouse inventory policy with price dependent demand and deterioration under partial backlogging, Decision Sci Lett, 6, pp. 11-22, (2017)

[9]

Roy S.K., Pervin M., Weber G.W., A two-warehouse probabilistic model with price discount on backorders under two levels of trade-credit policy, J Ind Manage, 16, pp. 553-578, (2018)

[10]

Khan M.A.A., Shaikh A.A., Panda G.C., Konstantaras I., Two-warehouse inventory model for deteriorating items with partial backlogging and advance payment scheme, RAIRO-Oper Res, 53, pp. 1691-1708, (2019)

← 1 2 3 4 →