Title: An inventory model for non-instantaneous deteriorating items with variable holding cost under two-storage
Authors: Ajay Singh Yadav; Anupam Swami
Addresses: Department of Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus Ghaziabad, Uttar Pradesh, India ' Department of Mathematics, Government Post Graduate College, Sambhal, Uttar Pradesh, India
Abstract: This paper presents a two warehouse inventory model for non-instantaneous deteriorating items under assumption that the inventory cost (including holding cost and deterioration cost) in rented warehouse (RW) is higher than those in owned warehouse (OW) due to better preservation facilities in RW. The demand and holding cost, both are taken variable and as linear increasing function of time. Shortages are allowed in the OW and completely backlogged at the next replenishment cycle. This paper mainly dealt with non-instantaneous deteriorating items with linear time dependent holding cost and demand where transportation cost from RW to OW has been incurred and is depended upon the amount of goods transported irrespective of time, distance from RW to OW and the capacity of vehicle used for transporting commodities.
Keywords: two warehouses; non-instantaneous deterioration; time-dependent demand; variable holding cost and shortages.
International Journal of Procurement Management, 2019 Vol.12 No.6, pp.690 - 710
Accepted: 09 Dec 2018
Published online: 11 Oct 2019 *