The full text of this article
Two-warehouse inventory model for deteriorating items: a study with shortages under inflation and time value of money
by Soumendra Kumar Patra
International Journal of Services and Operations Management (IJSOM), Vol. 10, No. 3, 2011
Abstract: In this study, a two-warehouse inventory model for deteriorating items with shortages under inflation and time value of money was developed. An inventory model for deteriorating items having two separate warehouses, one is an own warehouse (OW) of finite dimension and the other is a rented warehouse (RW) of infinite horizon, was developed under inflation and time value of money. Deterioration rates of items in the two warehouses were time dependent. In addition to this, shortages were considered and were complete backlogging. The inventory holding cost was considered to be different in different warehouses, due to different facilities and storage environment. In this model, the demand rate of items was in non-linear form that depended upon time, the stocks of RW transported to OW in continuous release pattern. A numerical example and sensitivity analysis are presented to illustrate the model. From the sensitivity analysis, it was tried to prove that the total cost of the system is influenced by the deteriorating, shortages and the inflation rate.
Online publication date: Sat, 08-Oct-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 Services and Operations Management (IJSOM):
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 email@example.com