A Two-Warehouse Inventory Model for Decaying Items with Exponential Demand and Variable Holding Cost
Ajay Singh Yadav1, Anupam Swami2
1Ajay Singh Yadav, Assistant Professor, Department of Mathematics, SRM University NCR Campus, Ghaziabad, U.P, India.
2Anupam Swami, Assistant Professor, Department of Mathematics, Govt. Degree College, Sambhal, U.P, India.
Manuscript received on April 01, 2013. | Revised Manuscript Received on April 15, 2013. | Manuscript published on April 20, 2013. | PP: 18-22 | Volume-1, Issue-5, April 2013. | Retrieval Number: E0196041513/2013©BEIESP
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© The Authors. Published By: Blue Eyes Intelligence Engineering & 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: This chapter presents a two warehouses inventory model for deteriorating items. It is assumed that the inventory costs (including holding cost and deterioration cost) in RW are higher than those in OW. Demand is taken exponentially increasing with time. Holding cost is taken as variable and it is linear increasing function of time. Shortages are allowed in the owned warehouse and the backlogging rate of unsatisfied demand is assumed to be a decreasing function of the waiting time. Profit maximization technique is used in this study
Keywords: OW. RW.