Optimal payment policy for deteriorating item with preservation technology investment under trade credit and inflation

Singh, S.R.; Rathore, Himanshu

doi:10.1109/icraie.2014.6909287

Cited by 1 publication

(1 citation statement)

References 24 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Wee et al [31] and Yang [32] focused on two-warehouse problem with partially backlogged shortages under the e ect of in ation. Singh and Rathore [33][34][35] have studied the e ect of preservation technology in an in ationary environment. Many other authors have considered the e ect of in ation in their inventory control modeling, like Singh et al [36], Singh et al [37], Patra and Ratha [38], Sarkar et al [39][40], Sarkar et al [41], Singh and Rathore [42][43], etc.…”

Section: Introductionmentioning

confidence: 99%

A two warehouse inventory model with preservation technology investment and partial backlogging

Singh

Rathore

2016

Scientia Iranica

Self Cite

View full text Add to dashboard Cite

In today's global world, preservation technology becomes very important due to rapid changes in environment. To study this concept, in this article, we have developed the two-warehouse inventory model with the consideration of preservation technology investment. Demand rate is treated as linear function of instantaneous stock level. The limited storage area (OW) is used for the storage of the stock. The extra amount of stock beyond the capacity of the Owned Warehouse (OW) is stored in the Rented Warehouse (RW). The holding cost of rented warehouse is greater than the holding cost of Owned Warehouse (OW); thus, the stock of Rented Warehouse (RW) is used rst and then, the stock of Owned Warehouse (OW) is consumed. The shortages are allowed and partially backlogged under the e ect of in ation. The main aim of this study is to nd the optimal value of the total cost function. Numerical illustrations and sensitivity analysis are given at the end of this article.

show abstract