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Optimal time policy for deteriorating items of two-warehouse inventory system with time and stock dependent demand and partial backlogging

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Abstract

We consider the problem of a two-warehouse inventory system under the effect of stock dependent demand. There are two warehouses to store the goods in which the first is rented warehouse and the second is own warehouse that deteriorates with two different rates. The aim of this study is to determine the optimal order quantity to maximize the profit of the projected model. Finally, some numerical examples and sensitivity analysis of parameters are made to validate the results of the proposed model.

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Authors and Affiliations

  1. Department of Applied Mathematics, Indian School of Mines, Dhanbad, 826004, India

    Shiv Kumar & Abhay Kumar Singh

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  1. Shiv Kumar
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  2. Abhay Kumar Singh
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Correspondence to Shiv Kumar.

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Kumar, S., Singh, A.K. Optimal time policy for deteriorating items of two-warehouse inventory system with time and stock dependent demand and partial backlogging. Sādhanā 41, 541–548 (2016). https://doi.org/10.1007/s12046-016-0490-y

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  • DOI: https://doi.org/10.1007/s12046-016-0490-y

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