A two-warehouse EOQ model with two-level delay in payment

Guria, Aparna; Mondal, Shyamal Kumar; Maiti, Manoranjan

doi:10.1504/ijor.2012.048866

Cited by 8 publications

(1 citation statement)

References 31 publications

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“…Lin et al (2012) developed a joint optimal ordering and delivery policy for an integrated supplier-retailer inventory model with trade credit and defective items. Guria et al (2012) proposed a two-warehouse EOQ model with two-level delay in payment. Liao et al (2013) developed a deterministic inventory model for deteriorating items with two warehouses and trade credit in a supply chain system.…”

Section: Introductionmentioning

confidence: 99%

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

Palanivel

Uthayakumar

2017

IJOR

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Abstract:In this paper, two-warehouse economic order quantity (EOQ) model for non-instantaneous deteriorating items with permissible delay in payments under the effect of inflation and time value of money is presented in which the demand is considered as a deterministic function of selling price and advertisement cost. Also in this model, shortages are allowed and partially backlogged. The backlogging rate is dependent on the waiting time for the next replenishment. This model aids in minimising the total inventory cost by finding the optimal intervals and the optimal order quantity. Furthermore, numerical examples are provided to illustrate the proposed model, sensitivity analysis of the optimal solutions with respect to major parameters is carried out and some managerial inferences are obtained. To his credit, he has published many research articles in the area of inventory management and supply chain in the reputed international journals. Moreover, he is guiding many scholars in the above said areas. Keywords

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Section: Introductionmentioning

confidence: 99%

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

Palanivel

Uthayakumar

2017

IJOR

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Mixture inventory model of lost sale and back-order with stochastic lead time demand on permissible delay in payments

Mallick

Patra²,

Mondal

2018

Ann Oper Res

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A novel cross-docking EOQ-based model to optimize a multi-item multi-supplier multi-retailer inventory management system

Khakbaz,

Alfares,

Amirteimoori

et al. 2024

Ann Oper Res

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Nowadays, the retail industry accounts for a large share of the world’s economy. Cross-docking is one of the most effective and smart inventory management systems used by retail companies to respond to demands efficiently. In this study, the aim is to develop a novel cross-docking EOQ-based model for a retail company. By considering a two-stage inventory procurement process, a new multi-item, multi-supplier, multi-retailer EOQ model is developed to minimize the total inventory costs. In the first stage, the required items are received from suppliers and are held in a central warehouse. In the second stage, these items are delivered to several retail stores. The total inventory costs include four main parts, i.e., holding costs at the central warehouse, holding costs at the retail stores, fixed ordering costs from the suppliers, and fixed ordering costs from the central warehouse. The optimal inventory policy is obtained by analyzing extrema, and a numerical example is used to confirm the efficiency of the proposed model. Based on the obtained results, it is evident that the proposed model produces the optimal policy for the cross-docking system. Furthermore, the model enables managers to analyze the effects of key factors on the costs of the system. Based on the obtained results, the annual demand of each retailer, the ordering cost by the central warehouse, the ordering cost at each retail store, and the holding cost at each retail store have a direct impact on the optimal cost. Furthermore, it is not possible to describe the effects of the holding cost at the central warehouse on the optimal cost of the system generally.

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A two-warehouse EOQ model with two-level delay in payment

Cited by 8 publications

References 31 publications

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

Mixture inventory model of lost sale and back-order with stochastic lead time demand on permissible delay in payments

A novel cross-docking EOQ-based model to optimize a multi-item multi-supplier multi-retailer inventory management system

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