Research Journal of Science and Technology

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Two Warehouse Inventory Model For Deteriorating Items with Linear Trend in Demand and Time Varying Holding Cost Under Inflationary Conditions and Permissible Delay in Payments


Affiliations
1 Department of Statistics, Veer Narmad South Gujarat University, Surat, Gujarat, India
2 Narmada College of Science and Commerce, Zadeshwar, Bharuch, Gujarat, India
     

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A two warehouse inventory model for deteriorating items with linear trend in demand with time varying holding cost under inflation and permissible delay in payments is developed. A rented warehouse (RW) is used to store the excess units over the capacity of the own warehouse. Numerical examples are provided to illustrate the model and sensitivity analysis is also carried out for parameters.

Keywords

Inventory Model, Two Warehouse, Deterioration, Inflation, Permissible Delay in Payment.
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  • Two Warehouse Inventory Model For Deteriorating Items with Linear Trend in Demand and Time Varying Holding Cost Under Inflationary Conditions and Permissible Delay in Payments

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Authors

R.D. Patel
Department of Statistics, Veer Narmad South Gujarat University, Surat, Gujarat, India
D.M. Patel
Narmada College of Science and Commerce, Zadeshwar, Bharuch, Gujarat, India

Abstract


A two warehouse inventory model for deteriorating items with linear trend in demand with time varying holding cost under inflation and permissible delay in payments is developed. A rented warehouse (RW) is used to store the excess units over the capacity of the own warehouse. Numerical examples are provided to illustrate the model and sensitivity analysis is also carried out for parameters.

Keywords


Inventory Model, Two Warehouse, Deterioration, Inflation, Permissible Delay in Payment.

References