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Uncertain Supply Chain Management

ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 2 Issue 4 pp. 209-218 , 2014

Inventory model with inventory-dependent demand for deteriorating items in a single warehouse system Pages 209-218 Right click to download the paper Download PDF

Authors: R.P. Tripathi, S.M. Mishra

Keywords: Deteriorating items, Inventory, Shortage, Stock dependent demand rate

Abstract: This paper derives a deterministic inventory model for deteriorating items with inventory dependent demand rate. This study develops an order level inventory model with single warehouse where shortages are allowed and it is completely backlogged. The planning horizon is finite. This paper shows that there exists a unique optimal cycle time to minimize the total inventory cost per cycle. Truncated Taylor’s series expansion is used for finding closed form optimal cycle time, optimal time to finish positive inventory and optimal total inventory cost per cycle. The numerical example is given to validate the proposed model. The sensitivity analysis of the solution with the changes of the values of parameters associated with the model has also been discussed.

How to cite this paper
Tripathi, R & Mishra, S. (2014). Inventory model with inventory-dependent demand for deteriorating items in a single warehouse system.Uncertain Supply Chain Management, 2(4), 209-218.

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Journal: Uncertain Supply Chain Management | Year: 2014 | Volume: 2 | Issue: 4 | Views: 2640 | Reviews: 0

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