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Two Warehouses EOQ Inventory Model of Degrading Matter Having Exponential Decreasing Order, Limited Suspension in Price Including Salvage Value

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Abstract

This paper emphasizes upon inventory model possessing two warehouses. The same includes matters which hold degrading aspect, and the very model has been developed with exponentially diminishing order rate with limited suspension price including salvages. The particular model beholds one rented warehouse where another one is inherent. The degrading rate feature of inherent warehouse exhibits linear function of period and the degradation of rented house delivers a persistent function. Salvage value is calculated on own warehouse. The objective of this study is to find total appropriate inventory cost and which should be reduced. The usefulness of the aforesaid model as well as the sensitivity investigation of the finest resolution corresponding to a mixture of features has been observed considering a mathematical illustration into account.

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Authors and Affiliations

  1. Department of Mathematics, GIET, Bhubaneswar, Odisha, India

    Chandan Kumar Sahoo

  2. Department of Mathematics, IGIT Sarang, Dhenkanal, Odisha, India

    Kailash Chandra Paul

  3. Department of Statistics, Kirori Mal College, University of Delhi, New Delhi, India

    Surendra Kumar

Authors
  1. Chandan Kumar Sahoo
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  2. Kailash Chandra Paul
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  3. Surendra Kumar
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Correspondence to Chandan Kumar Sahoo.

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This article is part of the topical collection “Computational Statistics” guest edited by Anish Gupta, Mike Hinchey, Vincenzo Puri, Zeev Zalevsky and Wan Abdul Rahim.

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Sahoo, C.K., Paul, K.C. & Kumar, S. Two Warehouses EOQ Inventory Model of Degrading Matter Having Exponential Decreasing Order, Limited Suspension in Price Including Salvage Value. SN COMPUT. SCI. 1, 334 (2020). https://doi.org/10.1007/s42979-020-00346-1

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