A Deteriorating Inventory Model under Overtime Production and Credit Policy for Stock- and Price Sensitive Demand Function

Operational Research in Engineering Sciences: Theory and Applications

Kavita Rabari¹  Ekta Patel¹  Nita H. Shah¹ 

[1] Department of Mathematics, Gujarat University, Ahmedabad-380009, Gujarat, India;

关键词: Overtime production, Production period, Conservation investment time, Deterioration, Stock- and vending worth dependent time, Sensitivity;   

DOI  :  10.31181/oresta210322106s

来源: DOAJ

【 摘 要 】

This paper develops an overtime production model for demand rate to be a function of price and stock-level. Companies manufacturing rate fluctuates with the change in stock-level and demand rate. To control the deterioration up to some extent, the system introduces preservation technology investment. The article permits a two-level credit policy for flexible financing. The model calculates feasible profit value under preservation technology investment, production period and selling price.  Conclusively, a sensitivity analysis related to different inventory parameters is performed to study the dependency of optimal values on parameters.

【 授权许可】

Unknown