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Inventory of differential items selling at two shops under single management

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Abstract

Inventory of differential (both good and defective) items purchased in a lot for two shops under a single management is considered here. In the primary shop, the lot is received and separated, only good units are sold and shortages are allowed which are backlogged from the good units specially purchased at the beginning of the next cycle. The separated defective units are continuously trasnsferred and sold at a reduced price from the secondary shop. This inventory model is formulated and illustrated numerically for three scenarios depending upon the time periods of the shops.

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Additional information

S. Kar is a lecturer in Mathematics and doing research work for Ph.D. under Vidyasagar University.

A. K. Bhunia is a lecturer in Mathematics and received Ph.D. from Vidyasagar University under Prof. M. Maiti. His field of research work includes inventory models under different environments.

M. Maiti is a professor in Applied Mathematics. His areas of research are inventory management, Elasticity, Catastrophe Theroy and Structural Analysis.

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Kar, S., Bhunia, A.K. & Maiti, M. Inventory of differential items selling at two shops under single management. JAMC 11, 291 (2003). https://doi.org/10.1007/BF02935739

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AMS Mathematics Subject Classification

  • 519.83

Key words and phrases

  • Inventory
  • deterioration
  • two shops