An inventory model for non-instantaneous deteriorating items with multivariate demand and backlogging under inflation

Sundararajan, R.; Prabha, M.; Jaya, Rhendra

doi:10.1080/23270012.2019.1650671

Cited by 7 publications

(1 citation statement)

References 32 publications

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“…Singh and Mishra (2022) developed an inventory model for deteriorating items [12]. Sundararajan et al (2019) developed a deterministic inventory model for non-instantaneous deteriorating items with price and time-dependent demand with shortages [13] Yang et al (2009) considered the optimal pricing and ordering strategies for non-instantaneous deteriorating items with partial backlogging and price dependent demand [14].…”

Section: Introductionmentioning

confidence: 99%

Optimal strategy on inventory model under permissible delay in payments and return policy for deteriorating items with shortages

R. Uthayakumar,

A. Ruba Priyadharshini

2024

Malaya J. Mat.

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In this model, the manufacturer offers a trade credit policy to the retailer. Demand depends upon selling price and time for non-instantaneous deterioration items. The retailer offers the customer a returns policy. Customers can return the product to the retailer if the product is unsatisfactory for the customer. The retailer does not ultimately return the amount to its customer for the returned product. The manufacturer offers the retailer a trade credit policy. The retailer resale the returned products at the same selling price. A partially backlogged shortage is permitted and its rate is thought to depend on how long it takes for the following lot to arrive after a lot has been replenished. The main objective is to increase the retailers' overall profit by determining the optimal order quantity, optimal selling price, and optimal replenishment cycle. An EOQ is framed for analyzing the sample, which can obtain the optimal solution.

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