An Inventory Model with Stock-Dependent Demand under Trade-Credit Policy and Fixed Life-Time

2020 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Nita Shah ◽  
Kavita Rabari ◽  
Ekta Patel
Keyword(s):  
Trade Credit ◽  
Life Time ◽  
Inventory Model ◽  
Credit Policy ◽  
Stock Dependent Demand ◽  
Dependent Demand

An EOQ inventory model with nonlinear stock dependent holding cost, nonlinear stock dependent demand and trade credit

2020 ◽  
Vol 139 ◽  
pp. 105557 ◽  
Author(s):  
Leopoldo Eduardo Cárdenas-Barrón ◽  
Ali Akbar Shaikh ◽  
Sunil Tiwari ◽  
Gerardo Treviño-Garza
Keyword(s):  
Trade Credit ◽  
Inventory Model ◽  
Stock Dependent Demand ◽  
Holding Cost ◽  
Dependent Demand

scholarly journals Inventory Model Considering Deterioration, Stock-Dependent and Ramp-Type Demand with Reserve Money and Carbon Emission

2020 ◽  
Vol 8 (5) ◽  
pp. 5330-5337
Keyword(s):  
Carbon Emission ◽  
Trade Credit ◽  
Search Algorithm ◽  
Optimal Solution ◽  
Life Time ◽  
Planning Horizon ◽  
Inventory Model ◽  
Ramp Type Demand ◽  
In The Beginning ◽  
Dependent Demand

Now a day, government is more concerned about the environment, so inventory model for deteriorating product for multi-product with partial backlogging is modeled here by considering carbon emission cost under the influence of inflation. It is also assumed buyer have sufficient amount of money to pay the vendor in the beginning of the business but still buyer focus to avail the offer of trade credit offered by vendor. As demand of many products such as fashionable products, cold drinks etc., get stabilized after the acceptance by the market and take the form of ramp-type. So, while developing the model, ramp-type initial stock-dependent demand is considered. As the life time of the product is finite so finite planning horizon is considered here. To obtain the optimal solution, search algorithm is provided. To illustrate and validate the model, numerical example is provided. Further, to study the effect of important parameters, sensitive analysis is also carried.

scholarly journals Two warehouses Inventory Model with Stock-dependent demand and Maximum life time

2017 ◽  
Vol 29 (10) ◽  
pp. 309-318
Author(s):  
A. K. MALIK ◽  
◽  
SANJAY KUMAR ◽  
SATISH KUMAR ◽  
◽  
...  
Keyword(s):  
Life Time ◽  
Inventory Model ◽  
Stock Dependent Demand ◽  
Dependent Demand

An inventory model with time dependent demand and shortages under trade credit policy

2013 ◽  
Vol 35 ◽  
pp. 349-355 ◽  
Author(s):  
S. Khanra ◽  
Buddhadev Mandal ◽  
Biswajit Sarkar
Keyword(s):  
Trade Credit ◽  
Inventory Model ◽  
Time Dependent ◽  
Credit Policy ◽  
Dependent Demand

scholarly journals Two Level Trade Credit Policy Approach in Inventory Model with Expiration Rate and Stock Dependent Demand under Nonzero Inventory and Partial Backlogged Shortages

2021 ◽  
Vol 13 (23) ◽  
pp. 13493
Author(s):  
Ali Akbar Shaikh ◽  
Leopoldo Eduardo Cárdenas-Barrón ◽  
Amalesh Kumar Manna ◽  
Armando Céspedes-Mota ◽  
Gerardo Treviño-Garza
Keyword(s):  
Trade Credit ◽  
Research Work ◽  
Real Life ◽  
Optimal Number ◽  
Inventory Model ◽  
Inventory Level ◽  
Credit Policy ◽  
Rate Dependent ◽  
Total Profit ◽  
Dependent Demand

In present real life situations, the stock and expiration date directly impact on the demand of an item. In this context, this research work develops an inventory model for stock and expiration rate-dependent demand under a two-level trade credit policy. Specifically, the following three situations are studied: (i) trade credit policy without zero ending inventory; (ii) trade credit policy with zero ending inventory; (iii) trade credit policy with partial backlogged shortages. The proposed inventory model is formulated as a non-linear constrained optimization problem. Some theoretical results are derived, and an algorithm is stated in order to solve the proposed inventory model. The main objective of the inventory model is to determine the optimal cycle length, the optimal ending inventory level, and the optimal number of units displayed which maximize the total profit. Some numerical examples are solved. Finally, a sensitivity analysis is done with the aim to see the impacts of a variation of the input parameters on the decision variables and the total profit.

Sign in / Sign up

Export Citation Format

Share Document