Different Deterioration Rates Two Warehouse Production Inventory Model with Time and Price Dependent Demand under Inflation and Permissible Delay in Payments
Journal Title: International Journal of Engineering and Science Invention - Year 2018, Vol 7, Issue 4
Abstract
A two warehouse production inventory model with different deterioration rates under inflation and permissible delay in payments is developed. Demand is considered as function of price and time. Holding cost is considered as linear function of time. Shortages are not allowed. To represent the model, numerical case is given. Sensitivity analysis for parameters is likewise done.
Authors and Affiliations
Shital S. Patel
Keywords
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