TWO WAREHOUSE INVENTORY MODEL FOR DETERIORATING ITEM WITH EXPONENTIAL DEMAND RATE AND PERMISSIBLE DELAY IN PAYMENT

  • Naresh Kumar KALIRAMAN Banasthali University, Rajasthan, India
  • Ritu RAJ Banasthali University, Rajasthan, India
  • Shalini CHANDRA Banasthali University, Rajasthan, India
  • Harish CHAUDHARY Indian Institute of Technology, Delhi, India

Abstract

A two warehouse inventory model for deteriorating items is considered with exponential demand rate and permissible delay in payment. Shortage is not allowed and deterioration rate is constant. In the model, one warehouse is rented and the other is owned. The rented warehouse is provided with better facility for the stock than the owned warehouse, but is charged more. The objective of this model is to find the best replenishment policies for minimizing the total appropriate inventory cost. A numerical illustration and sensitivity analysis is provided.

Published
Oct 11, 2016
How to Cite
KALIRAMAN, Naresh Kumar et al. TWO WAREHOUSE INVENTORY MODEL FOR DETERIORATING ITEM WITH EXPONENTIAL DEMAND RATE AND PERMISSIBLE DELAY IN PAYMENT. Yugoslav Journal of Operations Research, [S.l.], v. 27, n. 1, p. 109-124, oct. 2016. ISSN 2334-6043. Available at: <http://yujor.fon.bg.ac.rs/index.php/yujor/article/view/22>. Date accessed: 25 apr. 2024.
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Issue
Vol 27 No 1 (2017)
Section
Articles
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