A Trade Credit Inventory Model with Multivariate Demand for Non-Instantaneous Decaying products
| Autor: | Vashisth Vikram, A. K. Malik, Shekhar Chandra, Tomar Ajay |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
0209 industrial biotechnology
Multivariate statistics Multidisciplinary Computer science media_common.quotation_subject Carrying cost 02 engineering and technology Payment Inventory cost Profit (economics) 020901 industrial engineering & automation Trade credit 0202 electrical engineering electronic engineering information engineering Econometrics Perpetual inventory 020201 artificial intelligence & image processing media_common |
| Zdroj: | Indian Journal of Science and Technology. 9 |
| ISSN: | 0974-5645 0974-6846 |
| DOI: | 10.17485/ijst/2016/v9i15/84213 |
| Popis: | The present study proposed a mathematical example using multivariate demand with non-instant decaying products. For any business organization, the carrying cost is an important term to find total inventory cost. Here we consider the numerical example to get the best optimum solution for understanding the behavior of inventory model. We also used sensitivity analysis to show the effect of variation in total profit per item with respect to changes in the other constraints to illustrate the model. The scenario of today’s market is to encourage the retail dealers allowing them a delay in making the payments without them incurring any interest. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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