scholarly journals A periodic review inventory model with stock dependent demand, permissible delay in payment and price discount on backorders

2014 ◽  
Vol 24 (1) ◽  
pp. 99-110 ◽  
Author(s):  
Manisha Pal ◽  
Sujan Chandra
Keyword(s):  
Inventory Model ◽  
Periodic Review ◽  
Price Discount ◽  
Permissible Delay In Payments ◽  
Numerical Examples ◽  
Stock Dependent Demand ◽  
Permissible Delay In Payment ◽  
Delay In Payments ◽  
Periodic Review Inventory ◽  
Dependent Demand

In this paper we study a periodic review inventory model with stock dependent demand. When stock on hand is zero, the inventory manager offers a price discount to customers who are willing to backorder their demand. Permissible delay in payments allowed to the inventory manager is also taken into account. Numerical examples are cited to illustrate the model.

scholarly journals An Inventory Model for Deteriorating Items with Stock Dependent Demand and Partial Backlogging

2021 ◽  
Vol 9 (12) ◽  
pp. 296-302
Author(s):  
Vikas Kumar
Keyword(s):  
Waiting Time ◽  
Simple Algorithm ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Partial Backlogging ◽  
Numerical Examples ◽  
Proposed Model ◽  
Stock Dependent Demand ◽  
Total Profit ◽  
Dependent Demand

Abstract: In this paper, we formulate a deteriorating inventory model with stock-dependent demand Moreover, it is assumed that the shortages are allowed and partially backlogged, depending on the length of the waiting time for the next replenishment. The objective is to find the optimal replenishment to maximizing the total profit per unit time. We then provide a simple algorithm to find the optimal replenishment schedule for the proposed model. Finally, we use some numerical examples to illustrate the model. Keywords- Inventory, Deteriorating items, Stock dependent demand, Partial backlogging

Sign in / Sign up

Export Citation Format

Share Document