Advertisement

An Optimal Deterministic Two-Warehouse Inventory Model for Deteriorating Items

  • K. Rangarajan
  • K. KarthikeyanEmail author
Conference paper
Part of the Trends in Mathematics book series (TM)

Abstract

In this paper, an optimal deterministic two-warehouse inventory model for non-instantaneous deteriorating items under the dispatching policy of last in, first out (LIFO) has been developed. The demand rate and deterioration rate of an item are considered as ramp type and time dependent. Time dependent holding cost, inflation and shortages in inventory are allowed, which is partially backlogged are the various factors considered in this model. The main objective of this model is to develop an optimal policy, which minimizes the total average inventory cost. Finally, this model is illustrated, thoroughly by numerical examples.

References

  1. 1.
    Ghare, P.M., Schrader, G.F.: A model for exponentially decaying inventories. Journal of indusrial engineering. 14, 238–243 (1963).Google Scholar
  2. 2.
    Jaggi, C.K., Cardenos Barron,L., Tiwari,S., Sha, A.A. : Two-warehouse inventory model for deteriorating items with imperfect quality under the conditions of permissible delay in payments. Scientia Iranica. 24, 390–412 (2017).CrossRefGoogle Scholar
  3. 3.
    Skouri, K., Konstantaras, I. : Two-warehouse inventory models for deteriorating products with ramp type demand rate. Journal of Industrial and Management Optimization. 9, 855–883 (2013).MathSciNetCrossRefGoogle Scholar
  4. 4.
    Sanni, S.S., Chukwu, W.I.E. : An Economic order quantity model for items with three parameter Weibull distribution deterioration, ramp type demand and shortages. Applied Mathematical Modelling. 37, 9698–9706 (2013).MathSciNetCrossRefGoogle Scholar
  5. 5.
    Kumar, S., Rajput, U.S. : A partially backlogging inventory model for deteriorating items with ramp type demand rate. American Journal of Operational Research. 5, 39–46 (2015).Google Scholar

Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  1. 1.Department of MathematicsSAS, Vellore Institute Of TechnologyVelloreIndia

Personalised recommendations