Research Article
An Optimal Ordering Policy for Non-instantaneous Deteriorating Items with Conditionally Permissible Delay in Payment under Two Storage Management
|
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
|
| Volume 147 - Issue 1 |
| Published: Aug 2016 |
| Authors: Sanjai Sharma, Ajay Singh Yadav, Anupum Swami |
10.5120/ijca2016910967
|
Sanjai Sharma, Ajay Singh Yadav, Anupum Swami . An Optimal Ordering Policy for Non-instantaneous Deteriorating Items with Conditionally Permissible Delay in Payment under Two Storage Management. International Journal of Computer Applications. 147, 1 (Aug 2016), 16-25. DOI=10.5120/ijca2016910967
@article{ 10.5120/ijca2016910967,
author = { Sanjai Sharma,Ajay Singh Yadav,Anupum Swami },
title = { An Optimal Ordering Policy for Non-instantaneous Deteriorating Items with Conditionally Permissible Delay in Payment under Two Storage Management },
journal = { International Journal of Computer Applications },
year = { 2016 },
volume = { 147 },
number = { 1 },
pages = { 16-25 },
doi = { 10.5120/ijca2016910967 },
publisher = { Foundation of Computer Science (FCS), NY, USA }
}
%0 Journal Article
%D 2016
%A Sanjai Sharma
%A Ajay Singh Yadav
%A Anupum Swami
%T An Optimal Ordering Policy for Non-instantaneous Deteriorating Items with Conditionally Permissible Delay in Payment under Two Storage Management%T
%J International Journal of Computer Applications
%V 147
%N 1
%P 16-25
%R 10.5120/ijca2016910967
%I Foundation of Computer Science (FCS), NY, USA
Abstract
In the present market scenario, trade credit financing has drawn much attention of various researchers. To increase sales, supplier/wholesalers offers some interest free period to their retailers. According to such consideration, in this paper a two warehouse inventory model for non-instantaneous deteriorating items with combination of different deterioration rate is developed. Shortages are not permissible. This paper mainly deals with non-instantaneous deteriorating items and trade credit financing with objective to derive the optimal replenishment policy that minimizes the average relevant inventory cost of the retailer. This model deals with single item only. Numerical examples are presented to validate the model. Sensitivity analysis has been performed by changing value of a parameter at a time and keeping value of rest parameters unchanged to study the effect on the inventory model.
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