Two-warehouse system for non-instantaneous deterioration products with promotional effort and inflation over a finite time horizon

Authors

  • M. Palanivel Department of Mathematics, Mepco Schlenk Engineering College, Virudhunagar, 626005, Tamilnadu, India
  • P. Mala Department of Mathematics, Kamaraj College of Engineering & Technology, Virudhunagar, 626001, Tamilnadu, India
  • S. Priyan Department of Mathematics, Mepco Schlenk Engineering College, Virudhunagar, 626005, Tamilnadu, India
Abstract:

In the current global market, organizations use many promotional tools to increase their sales. One such tool is sales teams’ initiatives or promotional policies, i.e., free gifts, discounts, packaging, etc. This phenomenon motivates the retailer/or buyer to order a large inventory lot so as to take full benefit of promotional policies. In view of this the present paper considers a two-warehouse (owned and rented) inventory problem for a non-instantaneous deteriorating item with inflation and time value of money over a finite planning horizon. Here, demand depends on the sales team’s initiatives and shortages are partially backlogged at a rate dependent on the duration of waiting time up to the arrival of next lot. We design an algorithm to obtain the optimal replenishment strategies. Numerical analysis is also given to show the applicability of the proposed model in real-world two-warehouse inventory problems.

Upgrade to premium to download articles

Sign up to access the full text

Already have an account?login

similar resources

Inventory Model for Non – Instantaneous Deteriorating Items, Stock Dependent Demand, Partial Backlogging, and Inflation over a Finite Time Horizon

In the present study, the Economic Order Quantity (EOQ) model of two-warehouse deals with non-instantaneous deteriorating items, the demand rate considered as stock dependent and model affected by inflation under the pattern of time value of money over a finite planning horizon. Shortages are allowed and partially backordered depending on the waiting time for the next replenishment. The main ob...

full text

Two-Warehouse Inventory Model for Deteriorating Items with Time-Dependent Demand and Partial Backlogging Under Inflation

This paper deals with a two-warehouse inventory model for deteriorating items with time dependent demand and partial backlogging under inflation. It is assumed that deterioration of items follows two-parameter Weibull distribution and demand rate varies exponentially with time. Shortages are allowed and partial backlogging depends on waiting time of next replenishment. A numerical example is pr...

full text

Two-echelon Supply Chain Considering Multiple Retailers with Price and Promotional Effort Sensitive Non-linear Demand

This study deals with the effects of a supply chain (SC) with single product, multiple retailers and a manufacturer, where the manufacturer(he) produces lotsize of the product that contains a random portion of imperfect quality item. The imperfect quality products are sold in a secondary shop. The new contribution of this paper is a new non-linear demand function. Demand of the end customers va...

full text

Retailer’s replenishment and pricing decisions for non-instantaneous deterioration and price-dependent demand

Abstract             In this research, an integrated inventory model for non-instantaneous deteriorating items is analyzed when demand is sensitive to changes in price. The price used in this research is a time-dependent function of the initial selling price and the discount rate. To control the deterioration rate of items at the storage...

full text

Non-Instantaneous Deterioration Inventory Model with Inflation and Stock-Dependent Demand

In this paper, an inventory model for an item is presented with inflation and stock dependent demand under non-instantaneous deterioration without allowing shortages. In real life conditions, freshness and quality ofsome products can be maintaining Here in this inventory model we assume that some products maintain originality for some time. The necessary and sufficient conditions are used to fi...

full text

My Resources

Save resource for easier access later

Save to my library Already added to my library

{@ msg_add @}


Journal title

volume 14  issue 3

pages  -

publication date 2018-09-01

By following a journal you will be notified via email when a new issue of this journal is published.

Hosted on Doprax cloud platform doprax.com

copyright © 2015-2023