Inventory Model for Deteriorating Items under Trade Credit and Inflation

• Authors: Pinky Saxena , Kuldeep Sharma
• Languages of publication: EN

Abstracts

EN

In this paper, we put forward two warehouse inventory model considering trade credit and inflation. Demand rate is function of time. The inventory costs in rented warehouse are more than in owned warehouse. Shortages are allowed and backlogged. The purpose of this model is to calculate the time of order optimizing the total cost of the system. Numerical example explain the model. Sensitivity analysis is also carried to check the stability of the model.

Keywords

EN

Deteriorating Items; Inventory; Partial Backlogging; Trade Credit

Discipline

• INFORMATICS: INFORMATICS

• Publisher: Scientific Publishing House „DARWIN”
• Journal: World Scientific News
• Year: 2018
• Volume: 113
• Pages: 20-30

Contributors

author

Pinky Saxena

• Department of Applied Sciences, KIET Group of Institutions, Ghaziabad, India

author

Kuldeep Sharma

• Department of Applied Sciences, KIET Group of Institutions, Ghaziabad, India

References

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• Document Type: article