Indian Journal of Science and Technology

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In this paper we developed an integrated production inventory model from the perspective of vendor and the buyer. This model assumes a variation rate of deterioration, variable holding cost, inflation and multiple deliveries. Two possibilities of variations in the holding cost function that is; retroactive holding cost and incremental holding cost have been used in the model. Explain the model with the help of a numerical example also define the sensitivity analysis.

Keywords

Inflation, Inventory, Retroactive and Incremental Holding Cost, Three Parameter Weibull Deterioration Rate
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