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Growing Science » Uncertain Supply Chain Management » An inventory model for deteriorating items with seasonal products and an option of an alternative market

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Uncertain Supply Chain Management
ISSN 2291-6830 (Online) - ISSN 2291-6822 (Print)
Quarterly Publication
Volume 3 Issue 1 pp. 69-86, 2015

An inventory model for deteriorating items with seasonal products and an option of an alternative market Pages 69-86 PDF Download PDF

Authors: Shilpy Tayal, S.R. Singh, Rajendra Sharma

📋 Author Affiliations:
Shilpy Tayal1, S.R. Singh ORCID 2, Rajendra Sharma ORCID 1
1 Department of mathematics, Graphic Era University, Dehradun, India
2 Department of mathematics, DNPG College, Meerut, India
doi 10.5267/j.uscm.2014.8.003
Crossref Source: CrossRef

🔑 Keywords: Alternate market, Deterioration, Expiration date, Partial backlogging, Seasonal pattern demand, Uncertain lead time

Abstract: For today’s high competitive market, when immensity purchasing of inventory becomes convenient or obligatory, to discover an alternative market in order to maximize the revenue earned is a tradition. In this paper, we considered an inventory model for seasonal products with Weibull rate of deterioration having two potential markets, say, primary and alternate. To handle the inventory up to the next season will result an increase in total cost. So it is a favorable task to transfer the remaining stock to the alternate market even at a slightly differ in selling price. Solution procedure, numerical examples and sensitivity analysis for different variables are presented to illustrate the model.

How to cite this paper
APA: Tayal, S., Singh, S & Sharma, R. (2015). An inventory model for deteriorating items with seasonal products and an option of an alternative market. Uncertain Supply Chain Management, 3(1), 69-86.
Chicago/Turabian: Tayal, S., Singh, S & Sharma, R. 2015. "An inventory model for deteriorating items with seasonal products and an option of an alternative market." Uncertain Supply Chain Management 3, no. 1 (2015): 69-86.
AMA: Tayal, S., Singh, S & Sharma, R. An inventory model for deteriorating items with seasonal products and an option of an alternative market. Uncertain Supply Chain Management. 2015;3(1):69-86.

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Singh, S.R., & Sharma S. (2014). Optimal trade-credit policy for perishable items deeming imperfect production and stock dependent demand. International Journal of Industrial Engineering Computations, 5(1), 151-168.

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Tayal, S., Singh, S.R., Sharma, R., & Chauhan, A. (2014).Two echelon supply chain model for deteriorating items with effective investment in preservation technology. International Journal of Mathematics in Operational Research, 6(1), 84-105.

Tayal, S., Singh, S.R., & Sharma, R. (2014). A multi item inventory models for deteriorating items with expiration date and allowable shortages. Indian Journal of Science and Technology, 7(4), 463-471.

Tripathi, R.P., & Mishra, S.M. (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: 2015 | 📖 Volume: 3 | 📄 Issue: 1 | 👁️ Views: 3424 | 📊 Crossref:

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