Skip to main content
SpringerLink
Log in
Book cover

Advances in Algebra and Analysis pp 309–314Cite as

Birkhäuser

An Optimal Deterministic Two-Warehouse Inventory Model for Deteriorating Items

  • Conference paper
  • First Online:

  • 512 Accesses

Part of the book series: Trends in Mathematics ((TM))

Abstract

In this paper, an optimal deterministic two-warehouse inventory model for non-instantaneous deteriorating items under the dispatching policy of last in, first out (LIFO) has been developed. The demand rate and deterioration rate of an item are considered as ramp type and time dependent. Time dependent holding cost, inflation and shortages in inventory are allowed, which is partially backlogged are the various factors considered in this model. The main objective of this model is to develop an optimal policy, which minimizes the total average inventory cost. Finally, this model is illustrated, thoroughly by numerical examples.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD   169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  1. Ghare, P.M., Schrader, G.F.: A model for exponentially decaying inventories. Journal of indusrial engineering. 14, 238–243 (1963).

    Google Scholar 

  2. Jaggi, C.K., Cardenos Barron,L., Tiwari,S., Sha, A.A. : Two-warehouse inventory model for deteriorating items with imperfect quality under the conditions of permissible delay in payments. Scientia Iranica. 24, 390–412 (2017).

    Article  Google Scholar 

  3. Skouri, K., Konstantaras, I. : Two-warehouse inventory models for deteriorating products with ramp type demand rate. Journal of Industrial and Management Optimization. 9, 855–883 (2013).

    Article  MathSciNet  Google Scholar 

  4. Sanni, S.S., Chukwu, W.I.E. : An Economic order quantity model for items with three parameter Weibull distribution deterioration, ramp type demand and shortages. Applied Mathematical Modelling. 37, 9698–9706 (2013).

    Article  MathSciNet  Google Scholar 

  5. Kumar, S., Rajput, U.S. : A partially backlogging inventory model for deteriorating items with ramp type demand rate. American Journal of Operational Research. 5, 39–46 (2015).

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Mathematics, SAS, Vellore Institute Of Technology, Vellore, India

    K. Rangarajan & K. Karthikeyan

Authors
  1. K. Rangarajan
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. K. Karthikeyan
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to K. Karthikeyan .

Editor information

Editors and Affiliations

  1. Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore, Tamil Nadu, India

    V. Madhu

  2. Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore, Tamil Nadu, India

    A. Manimaran

  3. Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore, Tamil Nadu, India

    D. Easwaramoorthy

  4. Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore, Tamil Nadu, India

    D. Kalpanapriya

  5. Department of Mathematics, School of Advanced Sciences, Vellore Institute of Technology, Vellore, Tamil Nadu, India

    M. Mubashir Unnissa

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Rangarajan, K., Karthikeyan, K. (2018). An Optimal Deterministic Two-Warehouse Inventory Model for Deteriorating Items. In: Madhu, V., Manimaran, A., Easwaramoorthy, D., Kalpanapriya, D., Mubashir Unnissa, M. (eds) Advances in Algebra and Analysis. Trends in Mathematics. Birkhäuser, Cham. https://doi.org/10.1007/978-3-030-01120-8_35

Download citation

Publish with us

Policies and ethics

Search

Navigation