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International Journal of Mathematical, Engineering and Management Sciences

ISSN: 2455-7749 . Open Access


Effect of Inflation on Two Storage Inventory Model with Time Dependent Deteriorating Items and Stock Dependent Demand

Effect of Inflation on Two Storage Inventory Model with Time Dependent Deteriorating Items and Stock Dependent Demand

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

Received on March 02, 2019
  ;
Accepted on February 10, 2020

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.