Research Journal of Science and Technology
Open Access
  • Year: 2013
  • Volume: 5
  • Issue: 1

Two warehouse inventory model for deteriorating items with linear trend in demand and time varying holding cost under inflationary conditions and permissible delay in payments

  • Author:
  • R.D. Patel1,, D.M. Patel2
  • Total Page Count: 7
  • Page Number: 113 to 119

1Department of Statistics, Veer Narmad South Gujarat University, Surat, Gujarat

2Narmada College of Science and Commerce, Zadeshwar, Bharuch, Gujarat

*Corresponding Author: patelramanb@yahoo.co.in

Online published on 5 February, 2014.

Abstract

A two warehouse inventory model for deteriorating items with linear trend in demand with time varying holding cost under inflation and permissible delay in payments is developed. A rented warehouse (RW) is used to store the excess units over the capacity of the own warehouse. Numerical examples are provided to illustrate the model and sensitivity analysis is also carried out for parameters.

Keywords

Inventory model, Two warehouse, Deterioration, Inflation, Permissible delay in Payment