Two Warehouse Optimal Inventory Model for Non-Instantaneous Deteriorating Items

  • Authors

    • K. Rangarajan
    • K. Karthikeyan
    2018-10-02
    https://doi.org/10.14419/ijet.v7i4.10.26633
  • Deterioration, Inflation, Ramp type demand, Two warehouse, LIFO

  • Abstract

    In this article, an optimal ordering policy for the stock model of items, whose deterioration starts after a certain period of time under the  dispatching policy Last in First Out (i.e. LIFO) in owned and rented warehouses is presented  with the demand of the product increases up to a certain point and that remains constant, deterioration rate which depends on time and  inflation.  The main aim of the present article is to find an optimal    inventory model, which minimizes the total stock cost. Finally, this model is analyzed through by numerical examples .

     

  • References

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      [5] Kumar S & Rajput US (2015), A partially backlogging inventory model for deteriorating items with ramp type demand rate, American Journal of Operational Research, 5, 39-46.

      [6] Rangarajan K & Karthikeyan K (2015), Analysis of an EOQ inventory model for deteriorating items with different demand rates, Applied Mathematical Sciences, 9, 2255 – 2264.

      [7] Rangarajan K & Karthikeyan K (2017), EOQ Models for non-instantenous/instanteneous deteriorationg items with cubic demand rate under inflation and permissible delay in payments, Italian Journal of Pure and Applied Mathematics, 37, 197-218.

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  • How to Cite

    Rangarajan, K., & Karthikeyan, K. (2018). Two Warehouse Optimal Inventory Model for Non-Instantaneous Deteriorating Items. International Journal of Engineering & Technology, 7(4.10), 946-948. https://doi.org/10.14419/ijet.v7i4.10.26633

    Received date: 2019-01-29

    Accepted date: 2019-01-29

    Published date: 2018-10-02