AN INVENTORY MODEL FOR DETERIORATING ITEMS WITH MULTIVARIATE DEMAND AND TRADE CREDIT

2020 ◽  
Vol 9 (9) ◽  
pp. 7501-7514
Author(s):  
V. Kumar ◽  
A. Sharma ◽  
A. Kumar ◽  
C. B. Gupta
Keyword(s):  
Trade Credit ◽  
Inventory Model ◽  
Deteriorating Items

scholarly journals Study of Inventory Model for Deteriorating Items With Exponential Demand Function

2016 ◽  
Vol 34 ◽  
pp. 89-100
Author(s):  
Manik Mondal ◽  
Mohammed Forhad Uddin ◽  
Kazi Anowar Hussain
Keyword(s):  
Opportunity Cost ◽  
Demand Function ◽  
Trade Credit ◽  
Unit Cost ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Bisection Method ◽  
Credit Policy ◽  
Deterioration Rate ◽  
Linear Demand

This paper develops an inventory model for deteriorating items consisting the ordering cost, unit cost, opportunity cost, deterioration cost and shortage cost. In this inventory model instead of linear demand function nonlinear exponential function of time for deteriorating items with deterioration rate has been considered. The formulated model has numerically solved by bisection method. The effects of inflation and cash flow are also taken into account under a trade-credit policy of discount with time. In order to validate the model, numerical examples have been solved by bisection method using Matlab. Further, the sensitivity of different parameters is considered in order to estimate the cash flow.GANIT J. Bangladesh Math. Soc.Vol. 34 (2014) 89-100

scholarly journals Estimation of inventory for deteriorating items with non-linear demand considering discount and without discount policy

2016 ◽  
Vol 13 (2) ◽  
pp. 151-164
Author(s):  
Manik Mondol ◽  
M. Forhad Uddin ◽  
M. S. Hossain
Keyword(s):  
Cash Flow ◽  
Opportunity Cost ◽  
Demand Function ◽  
Trade Credit ◽  
Unit Cost ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Credit Policy ◽  
Deterioration Rate ◽  
Linear Demand

This paper develops an inventory model for deteriorating items consisting the ordering cost, unit cost, opportunity cost, deterioration cost and shortage cost. In this inventory model instead of linear demand function nonlinear exponential function of time for deteriorating items with deterioration rate has been considered. The effects of inflation and cash flow are also taken into account under a trade-credit policy of discount and without discount with time. In order to validate the model, numerical examples have been solved by bisection method deploying Matlab.  Further, in order to estimate the cash flow the sensitivity of different parameters is considered.

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