A Fullly Backlogged Deteriorating Inventory Model with Price Dependent Demand using Preservation Technology Investment and Trade Credit Policy

Abstract

Here we developed an EOQ inventory model using price dependent demand taking deterioration as a factor. Also we use preservation technology cost to control deterioration and apply trade credit policy to attraact customers to buy more products.In this work shortages are allowed and fullly backlogged during the specific time period.Our main objective in this paper is to find optimal cycle length and preservation technology strategies while maximized the total profit. We have presented a numerical example to validate the work and analysed the sensitivity of different parameters used in this work using LINGO software and also shown graphically the profit function is concave using MATLAB software.

Fuzzy Inventory Model for Deteriorating Items With Low Carbon Emission Cost Under Preservation Technology and Trade Credit

“…With the preservation technology, they established an inventory model with constant demand. Later, many researchers, e.g., Bardhan et al [3], Mala and Priyan [13], and Sahu et al [18] addressed with the preservation technology under various environment.…”