A Two Warehouse Inventory Model with Stock-Dependent Demand and variable deterioration rate

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Satish Kumar, Dipak Chakraborty, A K Malik

Abstract

In this paper we discuss a two warehouses inventory model for non-instantaneous deteriorating items. Throughout last so many years, mostly researchers have consideration to the situation where the demand rate is dependent on the level of the on-hand inventory. For inventory systems, such as fashionable commodities, the length of the waiting time for the next replenishment would determine whether the backlogging will be accepted or not. In real life situation, enterprises usually buy more goods than can be stored in their own warehouses (OW) for future production or sales. The surplus quantities are frequently stored in an extra storage space, represented by rented warehouses (RW).The rented warehouse is considered to charge high unit holding cost than the own warehouse. The necessary and sufficient conditions of the existence and uniqueness of the optimal solution are shown. We determine the optimal replenishment policy for non-instantaneous deteriorating items with partial backlogging and stock-dependent demand.

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How to Cite
, S. K. D. C. A. K. M. (2017). A Two Warehouse Inventory Model with Stock-Dependent Demand and variable deterioration rate. International Journal on Future Revolution in Computer Science &Amp; Communication Engineering, 3(9), 20–24. Retrieved from http://www.ijfrcsce.org/index.php/ijfrcsce/article/view/215
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