Integrated Inventory Models for Decaying Items with Exponential Demand under Inflation
Kapil Kumar Bansal1, Navin Ahalawat2
1Dr. Kapil Kumar Bansal, Head Research & Publication, SRM University, NCR Campus, Ghaziabad (U.P.), India
2Mr. Navin Ahalawat, Research Scholar, JJT University Rajasthan, India
Manuscript received on April 04, 2013. | Revised Manuscript received on April 28, 2013. | Manuscript published on May 05, 2013. | PP: 578-587 | Volume-3, Issue-2, May 2013. | Retrieval Number: C0844062312/2012©BEIESP
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In this article we take consideration of a two warehouse inventory problems with exponential and time dependent increasing trend in demand for deteriorating items under inflation. Shortage is allowed and partially backlogged .The scheduling period is taken to be variable and not constant. The solution procedure provided here helps the decision maker to decide whether to rent a warehouse or not .The result have been validated with help of some numerical example and comprehensive sensitivity analysis has also be performed.
Keywords: Inventory, warehouse, deterioration, partial backlogging, lost sales, inflation and variable holding cost.