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Optimal Inventory Policies for a Two-Warehouse Inventory Model under Time Dependent Quadratic Demand Rate
| Content Provider | Semantic Scholar |
|---|---|
| Author | Reddy, M. S. Srinivasa Venkateswarlu, Ronda |
| Copyright Year | 2018 |
| Abstract | In this paper, we study a two-warehouse inventory model when demand follows a non-linear trend (i.e. Quadratic form) involving deterioration rate under permissible delay in payment. The objective of this study is to obtain minimum total cost. A condition is obtained when to rent a warehouse and the retailer’s optimal replenishment policy that minimizes the total cost. The model is tested with suitable numerical examples. Sensitivity analysis is carried out to test the robustness of the model for managerial implications. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.ripublication.com/gjpam18/gjpamv14n8_01.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |