Two warehouses Inventory Model with Stock-dependent demand and Maximum life time

Abstract

In this paper, a two warehouses inventory model with stock-dependent demand has been studied. In case there is limited capacity of the owned warehouse (OW), another warehouse is used named rented warehouse (RW) for large ordered quantity. The deterioration rate of inventory items is different in both the warehouses. In the case of OW, we allow for shortages and consider the time dependent backlogging rate. To achieve the optimal ordered quantity and the optimal interval for the total inventory cost, a solution procedure is established and it concludes the developed model with further extended environments.

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

“…Dash (2014) developed a deteriorated EPQ policy for decayed quadratic demand with time value of money and shortages. Osagiede and Osagiede (2007), Mohan and Venkateswarlu (2013), Santosh (2013), Ravish and Amit (2014), Singh and Rathore (2014), Umakanta (2016), , Malik et al (2017), Sahoo and Tripathy (2018), Tripathi and Tomar (2018), Palanivel and Gowri (2018) and similarly worked with inventory model with quadratic demand. Leung (2007) established a more general results by means of arithmetic-geometric mean inequality in which a general power function is projected to model the connection between production set-up cost and quality assurance.…”