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An Inventory Model for Two Storage System with Stock Dependent Demand

Amit Kumar Attri*, S. R. Singh**, Shweta Choudhary***

* Assistant Professor, Department of Mathematics, Delhi Technical Campus, Greater Noida, Uttar Pradesh, India.

** Professor, Department of Mathematics, CCS University Meerut, Uttar Pradesh, India.

*** Associate Professor and Head, Department of Applied Sciences, ABES Engineering College,.Dr. A. P. J. Abdul Kalam Technical University, Ghaziabad, Uttar Pradesh, India.

Periodicity:July - September'2018
DOI : https://doi.org/10.26634/jmat.7.3.14668

Abstract

In this paper an inventory model to find out the buyer's optimal policy with two storage system has been developed. The buyer purchases a lot of Q units and transfers this stock in the display area in n equal lots. The demand considered here is a function of displayed stock level. The objective of this model is to optimize the total average cost for the buyer and find out the optimal number of shipments. A numerical example is presented to illustrate this study. The sensitivity analysis presented here shows that the model is quite stable and reflects the real life marketing situations.

Keywords

Inventory, Stock Dependent Demand, Two Storage System, Deterioration.

How to Cite this Article?

Attri, A. K., Singh, S. R., & Choudhary, S. (2018). An Inventory Model for Two Storage System with Stock Dependent Demand, i-manager's Journal on Mathematics, 7(3), 42-50. https://doi.org/10.26634/jmat.7.3.14668

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