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Two Storage Inventory Model for Perishable Items with Trapezoidal Type Demand Under Conditionally Permissible Delay in Payment

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Proceedings of the Second International Conference on Soft Computing for Problem Solving (SocProS 2012), December 28-30, 2012

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 236))

Abstract

This article develops a two warehouse deterministic inventory model for deteriorating items with trapezoidal type demand under conditionally permissible delay in payments. A rented warehouse is used when the ordering quantity exceeds the limited capacity of the owned warehouse, and it is assumed that deterioration rates of items in the two warehouses may be different. In contrast to the traditional deterministic two-warehouse inventory model with shortages at the end of each replenishment cycle, an alternative model in which each cycle begins with shortages and ends without shortages is proposed. Deterioration rate is taken to be time-dependent. Shortages are allowed and fully backlogged. Then a solution procedure is shown to find the optimal replenishment policy of the considered problem. At last, article provides numerical example to illustrate the developed model. Sensitivity analysis is also given with respect to major parameters.

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Authors and Affiliations

  1. D.N. (P.G.) College, Meerut, C.C.S. University, Meerut, 250002, U.P, India

    S R Singh & Monika Vishnoi

Authors
  1. S R Singh
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  2. Monika Vishnoi
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Correspondence to S R Singh .

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Editors and Affiliations

  1. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    B. V. Babu

  2. Department of Computer Science, Liverpool Hope University, Liverpool, United Kingdom

    Atulya Nagar

  3. Department of Mathematics, Indian Institute of Technology Roorkee, Roorkee, Uttarakhand, India

    Kusum Deep

  4. Department of Paper Technology, Indian Institute of Technology Roorkee, Roorkee, India

    Millie Pant

  5. Department of Applied Mathematics, South Asian University, New Delhi, India

    Jagdish Chand Bansal

  6. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    Kanad Ray

  7. Institute of Engineering and Technology, JK Lakshmipat University, Jaipur, Rajasthan, India

    Umesh Gupta

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Singh, S.R., Vishnoi, M. (2014). Two Storage Inventory Model for Perishable Items with Trapezoidal Type Demand Under Conditionally Permissible Delay in Payment. In: Babu, B., et al. Proceedings of the Second International Conference on Soft Computing for Problem Solving (SocProS 2012), December 28-30, 2012. Advances in Intelligent Systems and Computing, vol 236. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1602-5_141

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  • DOI: https://doi.org/10.1007/978-81-322-1602-5_141

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  • Publisher Name: Springer, New Delhi

  • Print ISBN: 978-81-322-1601-8

  • Online ISBN: 978-81-322-1602-5

  • eBook Packages: EngineeringEngineering (R0)

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