Impact of advertisement on retailers inventory for time-varying perishable rate with preservation technology investment under customer return and trade credit policy

Chaudhari, Urmila; Sharma, Santoshkumar; Bhadoriya, Amrita; Jani, Mrudul

doi:10.1504/ijmor.2022.10047834

Cited by 2 publications

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“…Sindhuja and Arathi [38] invented an inventory management model for deteriorating products under preservation technology with time-dependent quality demand, optimizing the ordering and preservation policies to minimize costs and meet customer demand. Bhadoriya et al [39] discussed the complex relationship between advertising strategies, inventory management, deteriorating goods, preservation technology, customer returns, and trade credit policies in the retail industry.…”

Section: Inventory Models Based On Preservation Technologymentioning

confidence: 99%

An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

Padiyar,

Chandra Kuraie,

Makholia

et al. 2024

Contemp. Math.

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Effective inventory management is crucial for businesses dealing with deteriorating items, where demand is influenced not only by traditional factors but also dependent on the selling price. This research paper proposes a comprehensive inventory model that considers the dynamic nature of demand for deteriorating items and incorporates the impact of inflation on the time value of money, all within the context of an imperfect production and screening process. To reduce the waste of products, the proposed model uses a rework process to convert imperfect items into perfect ones. Additionally, this study incorporates preservation technology investment to alleviate the rate of deterioration under partially backlogged shortages. The incorporation of an imperfect production process further enhances the model’s practical applicability by addressing real-world scenarios where production may not always be flawless. The study employs mathematical modeling and optimization techniques to derive optimal ordering policies that balance the conflicting objectives of minimizing costs. To validate the model, numerical analysis has been performed, and the convexity of the total cost function has been shown graphically and analytically using MATHEMATICA software. Sensitivity analyses are conducted to assess the robustness of the proposed model under varying parameters, providing valuable insights for decision-makers.

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Section: Inventory Models Based On Preservation Technologymentioning

confidence: 99%

An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

Padiyar,

Chandra Kuraie,

Makholia

et al. 2024

Contemp. Math.

View full text Add to dashboard Cite

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Optimal Joint Pricing and Lot Sizing Policies for Perishables Under Periodic Inspections, and Trade Credit Financing Schemes

Murmu,

Kumar,

Jha

2023

Int. J. Appl. Comput. Math

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Impact of advertisement on retailers inventory for time-varying perishable rate with preservation technology investment under customer return and trade credit policy

Cited by 2 publications

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An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

Optimal Joint Pricing and Lot Sizing Policies for Perishables Under Periodic Inspections, and Trade Credit Financing Schemes

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Impact of advertisement on retailers inventory for time-varying perishable rate with preservation technology investment under customer return and trade credit policy

Cited by 2 publications

References 0 publications

An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

An Imperfect Production Inventory Model for Instantaneous Deteriorating Items with Preservation Investment Under Inflation on Time Value of Money

Optimal Joint Pricing and Lot Sizing Policies for Perishables Under Periodic Inspections, and Trade Credit Financing Schemes

Contact Info

Product

Resources

About

Impact of advertisement on retailers inventory for time-varying perishable rate with preservation technology investment under customer return and trade credit policy