Volume flexible multi items inventory system with imprecise environment

Singhal, Surbhi; Singh, S. R.

doi:10.5267/j.ijiec.2013.07.002

Cited by 9 publications

(5 citation statements)

References 20 publications

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“…Yadav et al (2010) focused on production model under limited storage with flexibility and reliability consideration. Singhal (2013) developed volume flexible inventory system in Fuzzy environment. Panda and Maiti (2009) developed a multi-item inventory model with price dependent demand with flexibility and reliability consideration under fuzzy environment using geometric programming approach.…”

Section: Introductionmentioning

confidence: 99%

A two-warehouse production inventory model with trade credit under reliability consideration

Saxena¹,

Singh²,

Sangal³

2016

10.5267/j.uscm

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A two warehouse production inventory model is developed for deteriorating items under reliability consideration. The effect of trade credit is considered under inflation. Since, formulating a suitable inventory model is one of the major concerns for an industry, the main objective of this paper is to optimize the total related cost for reliable production process. The model is illustrated through numerical example. The sensitivity analyses of the cost function are performed due to different measures and some managerial inferences are presented.

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Section: Introductionmentioning

confidence: 99%

A two-warehouse production inventory model with trade credit under reliability consideration

Saxena¹,

Singh²,

Sangal³

2016

10.5267/j.uscm

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“…Kumar et al (2013) presented two-warehouse inventory model with K-release rule and learning effect. Singhal and Singh (2013) developed volume flexible multi items inventory system with imprecise environment.…”

Section: Introductionmentioning

confidence: 99%

Modeling of an inventory system with multi variate demand under volume flexibility and learning

Singhal¹,

Singh²

2015

10.5267/j.uscm

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In this study, a volume flexible inventory system for deteriorating items with stock & time dependent demand has been developed over a finite planning horizon. Shortages are permitted with partial backorder. Uncertainties are inherent in real inventory problems due to complexities of market situation. This uncertainty can be handled by the concept of randomness. As a result, backorder rate is taken as random and follows a probability distribution. All the costs are influenced by the learning effect. The optimal number of production cycles that minimize the total cost is considered. Numerical illustrations together with sensitivity analysis are given to elucidate the model. Furthermore, the numerical results of the finite planning horizon model have been plotted graphically.

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“…Later on, Aggarwal and Jaggi (1995) discussed the inventory model considering deterioration and permissible delay in payment. Other motivating mechanisms in this research area are those of Teng (2002), Ouyang et al (2006), Khanra et al (2011), , Teng et al (2012), Singhal & Singh (2013) and Singh and Sharma (2013).…”

Section: Introductionmentioning

confidence: 99%

Optimal trade-credit policy for perishable items deeming imperfect production and stock dependent demand

Singh¹,

Sharma²

2013

10.5267/j.ijiec

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Trade credit is the most succeeding economic phenomenon which is used by the supplier for encouraging the retailers to buy more quantity. In this article, a mathematical model with stock dependent demand and deterioration is developed to investigate the retailer's optimal inventory policy under the scheme of permissible delay in payment. It is assumed that defective items are produced during the production process and delay period is progressive. The objective is to minimize the total average cost of the system. To exemplify hypothesis of the proposed model numerical examples and sensitivity analysis are provided. Finally, the convexities of the cost functions and the effects of changing parameters are represented through the graphs.

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Volume flexible multi items inventory system with imprecise environment

Cited by 9 publications

References 20 publications

A two-warehouse production inventory model with trade credit under reliability consideration

A two-warehouse production inventory model with trade credit under reliability consideration

Modeling of an inventory system with multi variate demand under volume flexibility and learning

Optimal trade-credit policy for perishable items deeming imperfect production and stock dependent demand

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