A two-warehouse partial backlogging inventory model for deteriorating items with permissible delay in payment under inflation

2013 ◽  
Vol 37 (5) ◽  
pp. 2717-2726 ◽  
Author(s):  
Hui-Ling Yang ◽  
Chun-Tao Chang
Keyword(s):  
Inventory Model ◽  
Deteriorating Items ◽  
Partial Backlogging ◽  
Permissible Delay In Payment

scholarly journals An Inventory Model for Deteriorating Items with Quantity Dependent Permissible Delay in Payment and Partial Backlogging of Shortage

2007 ◽  
Vol 59 (3-4) ◽  
pp. 239-252
Author(s):  
Manisha Pal ◽  
Sanjoy Kumar Ghosh
Keyword(s):  
Waiting Time ◽  
Fixed Time ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Partial Backlogging ◽  
Single Item ◽  
Credit Period ◽  
Numerical Examples ◽  
Time Period ◽  
Permissible Delay In Payment

Abstract: In many inventory situations, instead of making immediate payment on receiving the consigument, the purchaser is allowed a certain fixed time period to pay for the goods bought. During this time the supplier charges no interest, but beyond this period interest is charged under the terms and condition agreed upon. As for the purchaser, he can earn interest on the revenue coolected during the credit period. This paper studies a single item inventory model for deteriorating items, when the permissible delay in payment depends on the ordered quantity and shortages are partially backlogged, assuming the backlogging rate to be inversely proportional to the waiting time for the next replenishment. An algorithm has been developed to find the optimal inventory policy. Numerical examples have been cited to illustrate the model. AMS (2000) Subject Classification: 90B05.

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