A Warehouse Imperfect Fuzzified Production Model with Shortages under Inflationary Conditions

Singh, S.R.; Jain, Shalini; Pareek, Sarla

doi:10.1155/2012/638060

Cited by 7 publications

(2 citation statements)

References 19 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Singh and Jain (2009) explored a deteriorating inventory model for supplier credits with inflation-induced environment. Singh et al (2012) introduced a warehouse production model under shortages and inflation. Goyal et al (2013) presented an EPQ model considering ramp type demand for ameliorating/deteriorating items by applying genetic algorithm (GA) approach.…”

Section: Introductionmentioning

confidence: 99%

A production inventory model for deteriorating products with selling price dependent consumption rate and shortages under inflationary environment

Rastogi

Singh

2018

IJPM

View full text Add to dashboard Cite

In today's highly competitive market, every business needs a high investment which is directly correlated to the return of the investment. The business will not be advantageous, if the return rate of investment is lesser than the inflation rate. In almost developed models, it is believed that distinct costs related with inventory systems will be constant all the time but in reality it is not true. As the time increases, inflation becomes a considerable function and the costs related to the model differ. This research article presents a production inventory model for deteriorating products with selling price dependent demand and shortages under inflationary environment. The production rate considered here is a function of occurring demand. The shortages during stock out assumed to be partially backlogged. The intention of this study is to compute the optimal value of production period and shortage period. A solution procedure and numerical example are presented to illustrate the implementation of proposed study. A sensitivity analysis with respect to distinct system parameters is also presented to check the stability of the optimal solution.

show abstract

Section: Introductionmentioning

confidence: 99%

A production inventory model for deteriorating products with selling price dependent consumption rate and shortages under inflationary environment

Rastogi

Singh

2018

IJPM

View full text Add to dashboard Cite

show abstract

“…Recently, Jaggi and Verma (2010) [13], Singh et al (2012) [22], Singh et al (2013) [23] developed a two-warehouse inventory model with linear trend in demand under the inflationary conditions. In this paper we propose to derive a twowarehouse inventory model for deteriorating items under the effect of inflation and time value of money, where demand follows a rare pattern of combination of the linear time varying and on-hand inventory level.…”

Section: Introductionmentioning

confidence: 99%

Two Warehouse Inventory Model for Deteriorating Items with Time Dependent Demand under Inflation

Khurana¹

2015

IJCA

View full text Add to dashboard Cite

In recent years, various researchers have discussed a two warehouse inventory system. This kind of system was first discussed by Hartely (1976) [10]. Hartely presented a basic twowarehouse model, in which the cost of transporting a unit from rented warehouse (RW) to own warehouse (OW) was not considered. Sarma (1983)[20] developed a deterministic inventory model with infinite replenishment rate and two levels of storage. In that model, he extended Hartely's model by introducing the transportation cost. Murdeshwar and Sathe (1985) [16] extended this model to the case of finite replenishment rate. Dave (1988) [5] further discussed the cases of bulk release pattern for both finite and infinite replenishment rates. He rectified the errors in Murdeshwar and Sathe (1985) [16] and gave a complete solution for the model given by Sarma (1983) [20]. In the above literature, deterioration phenomenon was not taken into account. In this paper, an inventory model is developed for deteriorating items with two-warehouse, permitting shortage under inflation and time-value of money. Holding costs and deterioration costs are different in OW and RW due to different preservation environments. The inventory costs (including holding cost and deterioration cost) in RW are assumed to be higher than those in OW. To reduce the inventory costs, it will be economical for firms to store goods in OW before RW, but clear the stocks in RW before OW. The stock is transferred from the RW to the OW following a bulk release rule.

show abstract

An Integrated Production Model in Fuzzy Environment Under Inflation

Singh

Sharma

2014

Advances in Intelligent Systems and Computing

View full text Add to dashboard Cite

A Warehouse Imperfect Fuzzified Production Model with Shortages under Inflationary Conditions

Cited by 7 publications

References 19 publications

A production inventory model for deteriorating products with selling price dependent consumption rate and shortages under inflationary environment

A production inventory model for deteriorating products with selling price dependent consumption rate and shortages under inflationary environment

Two Warehouse Inventory Model for Deteriorating Items with Time Dependent Demand under Inflation

An Integrated Production Model in Fuzzy Environment Under Inflation

Contact Info

Product

Resources

About