Ordering and transfer policy and variable deterioration for a warehouse model

Authors : Biswajit SARKAR, Sharmila SAREN

Pages : 985-1014

View : 14 | Download : 3

Publication Date : 2017-10-01

Article Type : Research Paper

Abstract :This paper represents an inventory model for ordering and transferring policy with random, deterioration and several demand patterns. The number of transfers per order from warehouse to display area and optimal order quantity are determined in this model. The random deterioration makes a realistic scenario when the retailer has several products. The model uses dierent demand pattern to check the optimum prot for different situation. The main purpose of this model is to maximize average prot per unit time for retailer. The retailer receives products from supplier and store in a warehouse. These items are transferred through multi-delivery policy with equal lot-size. There are four lemmas to establish the global maximum solution analytically. Some numerical examples and graphical representations are given to illustrate the model.
Keywords : Inventory, probabilistic deterioration, variable demand, ordering policies