Preeti Sharma
Department of Mathematics, Jiwaji University, Gwalior, India.
Sanjay Sharma
Department of Mathematics, Ajay Kumar Garg Engineering College, Ghaziabad, India.
B. B. Singh
Department of Computer Science, Government K. R. G. Autonomous (P. G.) College, Gwalior, India.
Anand Tyagi
Department of Mathematics, Ajay Kumar Garg Engineering College, Ghaziabad, India.
DOI https://doi.org/10.33889/IJMEMS.2020.5.3.045
Abstract
For deteriorating product, there always be a pressure on the company to maximize the profit. In the present model, an effort is made to develop a production inventory control model having two separate warehouses. In most of the study, the demand is assumed as time dependent which is not appropriate; but here authors have considered stock based demand. An approach is taken into consideration that deterioration rate different for different warehouses.
Keywords- Warehouses, Inflation, Stock based demand, Variable rate of deterioration.
Citation
Sharma, P., Sharma, S., Singh, B. B., & Tyagi, A. (2020). Effect of Inflation on Two Storage Inventory Model with Time Dependent Deteriorating Items and Stock Dependent Demand. International Journal of Mathematical, Engineering and Management Sciences, 5(3), 544-555. https://doi.org/10.33889/IJMEMS.2020.5.3.045.