The full text of this article
Two-warehouse fuzzy inventory model under the conditions of permissible delay in payments
by S.R. Singh, Neeraj Kumar, Rachna Kumari
International Journal of Operational Research (IJOR), Vol. 11, No. 1, 2011
Abstract: In this paper, a two-warehouse inventory model under the conditions of permissible delay in payments in fuzzy environment is developed. A rented warehouse is used when the ordering quantity exceeds the limited capacity of the owned warehouse. During the permissible delay period, no interest is charged by the supplier, but beyond this period interest is charged under the terms and conditions agreed upon and, moreover, interest can be earned on the revenue received during the credit period. Here, we have discussed four different cases to represent realistic situations of market: (1) when the inventory system has both the warehouse facilities, (2) when the owned warehouse has large capacity to store the inventory, (3) when simple EOQ model of single storage system and (4) when one does not wish to take RW services and OW has unlimited capacity. Finally, numerical example is given to illustrate feasibility of the model.
Online publication date: Tue, 24-May-2011
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Operational Research (IJOR):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email firstname.lastname@example.org