TWO WAREHOUSE INVENTORY MODEL WITH PRICE DISCOUNT ON BACKORDERS UNDER STOCK DEPENDENT DEMAND ENVIRONMENT

International Journal of Operations Research

article

Sujan Chandra¹ 

[1] Department of Statistics Bethune College

关键词: Inventory/production model;    two warehouses;    stock dependent demand;    deteriorating item;    price discount on backorder.;   

DOI  :  10.6886/IJOR.202112_18(4).0002

学科分类：数学（综合）

来源: Operations research society of Taiwan

【 摘 要 】

In this paper, a two warehouse inventory model for deteriorating items is studied with stock dependentdemand rate. Holding cost of rented warehouse (RW) has higher than the owned warehouse (OW) due to betterpreservation. Due to the improved services offer in RW, its deterioration rate is less than deterioration rate in OW. Toreduce inventory cost, items of RW are consumed first and then the items of OW are consumed. When stock on hand iszero, the inventory manager offers a price discount to customers who are willing to backorder their demand. The studycontains some features that are likely to be associated with certain types of inventory, like inventory of seasonal fruitsand vegetables, newly launched fashion items, etc. The optimum ordering policy and the optimum discount offeredfor each backorder are determined by minimizing the total cost in a replenishment interval.

【 授权许可】

CC BY