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

Abstract

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

An EPQ Model for Delayed Deteriorating Items with Reliability Consideration, Quadratic Demand and Shortages

“…Ouyang et al (2006) considered EOQ model for items with delay in deterioration, permissible delay in payments and where the demand before and after deterioration starts-in are the same and constant. Monika and Shon (2010), Baraya and Sani (2011), Musa and Sani (2012), Dari and Sani (2013), Dari and Sani (2015), , Palanivel and Gowri (2018) and likewise worked on inventory model with delayed deterioration. This paper presents an EPQ model for items with delay in deterioration, reliability consideration, quadratic demand and shortages are allowed but partially backorder.…”