Inventory Models for Non-Instantaneous Deteriorating Items with Expiration Dates and Imperfect Quality under Hybrid Payment Policy in the Three-Level Supply Chain

An inventory model for non-instantaneous deteriorating items with imperfect quality, delay in payments and time value money

In this paper, Economic Order Quantity ( ) based model for non-instantaneous deteriorating items with imperfect quality, permissible delay in payments and inflation is proposed. We adopt a time-dependent demand function. Also, the effects of time value of money are studied using the Discounted Cash Flow approach. Moreover, we assume that orders may contain a random proportion of defective items...

Developing EPQ models for non-instantaneous deteriorating items

In this paper, the classical economic production quantity (EPQ) model is developed for non-instantaneous deteriorating items by considering a relationship between the holding cost and the ordering cycle length. Two models are developed. First, the proposed model is considered when backorders are not permitted and this condition is waived for the second case. The cost functions associated with t...

An inventory model for non-instantaneous deteriorating items with imperfect quality, delay in payments and time value money

An Optimal Ordering Policy for Inventory Model with Non-Instantaneous Deteriorating Items and Stock-Dependent Demand

In this paper we shall discuss with the optimal ordering policy for two warehouse inventory model of non-instantaneous deteriorating items and stock-dependent demand. Here shortage is not allowed. Here the holding and deteriorating costs in both warehouses are different and assumed that the holding cost in the RW(rented warehouse) than in the OW(owned warehouse) the optimal solution are shown. ...

An inventory model with non-instantaneous receipt and exponentially deteriorating items for an integrated three layer supply chain system under two levels of trade credit

Recently, the enterprises, from a financial perspective, have been seeing that need of the integrating with others with trade credit policies as a promising issue for savings in the supply chain. In this direction, this paper establishes a new economic production quantity (EPQ) inventory model for deteriorating items under two levels of trade credit, in which the supplier offers to the retailer...