A profit maximization single item inventory problem considering deterioration during carrying for price dependent demand and preservation technology investment

Autor:	Sourav Mahata, Bijoy Krishna Debnath
Rok vydání:	2022
Předmět:	Management Science and Operations Research Computer Science Applications Theoretical Computer Science
Zdroj:	RAIRO - Operations Research. 56:1841-1856
ISSN:	2804-7303 0399-0559
Popis:	This paper addresses a single item two-level supply chain inventory model considering deterioration during carrying of deteriorating item from a supplier’s warehouse to a retailer’s warehouse as well as deterioration in the retailer’s warehouse. The model assumes preservation technology in the retailer’s warehouse to prevent the rate of deterioration. An upper limit for the preservation technology investment has been set as a constraint to the model. The model maximizes the retailer’s profit per unit time, simultaneously calculated optimal order quantity. A price dependent demand and storage-time dependent holding cost is considered to develop the model. Some theorems are proven to get optimal values of the total cost. A numerical problem is workout as per the developed algorithm and with the help of MATLAB software to study the applicability of our theoretical results.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::f9c8e0897ed84d17a0747fa066d6c571 https://doi.org/10.1051/ro/2022079 Zobrazit plný text záznamu