Computational approach to an inventory model with ramp-type demand and linear deterioration

Mishra, S. S.; Singh, Pradeep Kumar

doi:10.1504/ijor.2012.049486

Cited by 6 publications

(2 citation statements)

References 22 publications

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“…The most related literatures to our study are as follows. Mishra and Singh [33] discussed the optimal order policy for single period products under payment delay with ramp type demand rate; Huang et al [34] made some efforts to build an inventory system for deteriorating products, with ramp type demand rate, under two-level trade credit policy considering the shortages and the partially backlogged unsatisfied demand. But they do not consider the demand dependent production rate.…”

Section: Ramp Type Demand Ratementioning

confidence: 99%

The Optimal Replenishment Policy under Trade Credit Financing with Ramp Type Demand and Demand Dependent Production Rate

Qin

Liu

2014

Discrete Dynamics in Nature and Society

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This paper investigates the optimal replenishment policy for the retailer with the ramp type demand and demand dependent production rate involving the trade credit financing, which is not reported in the literatures. First, the two inventory models are developed under the above situation. Second, the algorithms are given to optimize the replenishment cycle time and the order quantity for the retailer. Finally, the numerical examples are carried out to illustrate the optimal solutions and the sensitivity analysis is performed. The results show that if the value of production rate is small, the retailer will lower the frequency of putting the orders to cut down the order cost; if the production rate is high, the demand dependent production rate has no effect on the optimal decisions. When the trade credit is less than the growth stage time, the retailer will shorten the replenishment cycle; when it is larger than the breakpoint of the demand, within the maturity stage of the products, the trade credit has no effect on the optimal order cycle and the optimal order quantity.

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Section: Ramp Type Demand Ratementioning

confidence: 99%

The Optimal Replenishment Policy under Trade Credit Financing with Ramp Type Demand and Demand Dependent Production Rate

Qin

Liu

2014

Discrete Dynamics in Nature and Society

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“…Bellman [11] elaborated the theory of dynamic programming to solve the different type multi-echelon decision making problem of the management. We get fair motivation from Amitrajit [12], John [13], Mishra and Singh [14,15] and Sudhir et al [16] in this field of investigation. Leonid and Luis [17] addressed that problem from a dynamic optimization of local decisions point of view, to ensure a global optimum for the supply chain performance.…”

Section: Introductionmentioning

confidence: 99%

Phase Wise Supply Chain Model of EOQ with Normal Life Time for Queued Customers: A Computational Approach

Mishra¹,

Mishra²

2012

AJOR

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In this paper, we mainly aim to compute the optimal inventory in the phase wise supply chain for queued customers in the interval of lower and upper bounds with particular life of the items. Important performance measures such as total optimal cost of the system and total expected delivery have also been computed by applying the dynamic programming and Drichlet theorem. Finally, numerical demonstration and sensitivity analysis have also been presented to gain the better perspective of the model.

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Cost Analysis of Supply Chain Model for Deteriorating Inventory Items with Shortages in Fuzzy Environment

Mishra

Rawat

Yadav

et al. 2022

Data Analytics and Artificial Intelligence for Inventory and Supply Chain Management

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Computational approach to an inventory model with ramp-type demand and linear deterioration

Cited by 6 publications

References 22 publications

The Optimal Replenishment Policy under Trade Credit Financing with Ramp Type Demand and Demand Dependent Production Rate

The Optimal Replenishment Policy under Trade Credit Financing with Ramp Type Demand and Demand Dependent Production Rate

Phase Wise Supply Chain Model of EOQ with Normal Life Time for Queued Customers: A Computational Approach

Cost Analysis of Supply Chain Model for Deteriorating Inventory Items with Shortages in Fuzzy Environment

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