Two warehouse inventory policy with price dependent demand and deterioration under partial backlogging
نویسندگان
چکیده
منابع مشابه
Two-Warehouse Inventory Model for Deteriorating Items with Time-Dependent Demand and Partial Backlogging Under Inflation
This paper deals with a two-warehouse inventory model for deteriorating items with time dependent demand and partial backlogging under inflation. It is assumed that deterioration of items follows two-parameter Weibull distribution and demand rate varies exponentially with time. Shortages are allowed and partial backlogging depends on waiting time of next replenishment. A numerical example is pr...
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Advertisement of the product is an important factor in inventory analysis. Also, price and stock have an important role to attract more customers in the competitive business situations. Trade credit policy is another important role in inventory analysis. We have combined these three factors together in a two-warehouse inventory model and represented it mathematically. In addition, we have added...
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A deterministic inventory model for infinite time-horizon incorporating inventory level-dependent demand rate, deterioration begins after a certain time, partial backlogging and decrease in demand is developed. The salient feature of the developed model is the introduction of the concept of fractional decrease in demand due to ageing of inventory. Demand at any instant depends linearly on the ...
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We developed an inventory model for decaying items with selling price dependent demand in inflationary environment. Deterioration rate is taken as two parameter Weibull distribution. Shortages in inventory are allowed with partial backlogging. Backlogging rate is taken as exponential decreasing function of time. Profit maximization technique is used in this study.
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In most of the literatures on two-warehouse inventory decision models, the last-in-first-out (LIFO) dispatching policy has always been assumed. This presumption, however, is not in line with the actual practice of most business entities. To enhance the freshness of merchandise or goods, businesses commonly follow the first-in-first-out procedure (FIFO). This inconsistency forms the base and mai...
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ژورنال
عنوان ژورنال: Decision Science Letters
سال: 2017
ISSN: 1929-5804,1929-5812
DOI: 10.5267/j.dsl.2016.8.004