On the Replenishment Policy for an Inventory Model with Linear Trend in Demand and Shortages

1994 ◽  
Vol 45 (1) ◽  
pp. 121
Author(s):  
Lakdere Benkherouf
Keyword(s):  
Linear Trend ◽  
Inventory Model ◽  
Replenishment Policy

Replenishment policy for single item inventory model with money inflation

OPSEARCH ◽  
2009 ◽  
Vol 46 (3) ◽  
pp. 345-357 ◽  
Author(s):  
R. Uthayakumar ◽  
K. V. Geetha
Keyword(s):  
Inventory Model ◽  
Single Item ◽  
Replenishment Policy

scholarly journals An Inventory Model with Time-Dependent Demand and Limited Storage Facility under Inflation

2012 ◽  
Vol 2012 ◽  
pp. 1-17 ◽  
Author(s):  
Neeraj Kumar ◽  
S. R. Singh ◽  
Rachna Kumari
Keyword(s):  
Sensitivity Analysis ◽  
Cash Flow ◽  
Inventory Model ◽  
Problem Analysis ◽  
Present Value ◽  
Discounted Cash Flow ◽  
Deterioration Rate ◽  
Partial Backordering ◽  
Replenishment Policy ◽  
Dependent Demand

The main objective of this paper is to develop a two-warehouse inventory model with partial backordering and Weibull distribution deterioration. We consider inflation and apply the discounted cash flow in problem analysis. The discounted cash flow (DCF) and optimization framework are presented to derive the optimal replenishment policy that minimizes the total present value cost per unit time. When only rented or own warehouse model is considered, the present value of the total relevant cost is higher than the case when two-warehouse is considered. The results have been validated with the help of a numerical example. Sensitivity analysis with respect to various parameters is also performed. From the sensitivity analysis, we show that the total cost of the system is influenced by the deterioration rate, the inflation rate, and the backordering ratio.

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