Economic order quantity model for deteriorating item with preservation technology in time dependent demand with partial backlogging and trade credit

In this paper, the authors have described an inventory model for deteriorating item with preservation technology in time dependent demand with trade credit facility and partial backlogging. The authors have introduced an interesting factor preservation technology to reduce the deterioration rate. Shortages are allowed with a constant backlogging rate. Also, in this paper the authors have introduced trade credit policy in the perspective of retailers. Their main objective is to find the cycle length, preservation technology strategies and total profit. The authors have solved two numerical examples to validate their proposed inventory model and presented concavity graphically by using Matlab software for each example. Finally, the authors have presented a sensitivity analysis by changing one parameter at a time and keep rest of the parameters are same.

Language

  • English

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Filing Info

  • Accession Number: 01691425
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jan 2 2019 4:04PM