scholarly journals Optimal Scheduling of Delivery Plans in an Integrated Vendor - Buyer Inventory Model with Constant Deterioration and Three Phase Ramp Type Demand

2020 ◽  
Vol 15 (10) ◽  
pp. 1039-1048
Author(s):  
Savitha ◽  
K.K. Achary
Keyword(s):  
Inventory Model ◽  
Optimal Scheduling ◽  
Three Phase ◽  
Ramp Type Demand ◽  
Constant Deterioration

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.

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