Three warehouse production inventory model for deteriorating items with advertisement and price dependent demand
Dr. Ranjana Gupta
, Dr. Meenakshi Srivastava
Three warehouse, production inventory, deterioration, advertisement dependent demand.
This paper attempts to develop an inventory model for deteriorating items when demand depends on both, frequency of the advertisement and selling price of the items. The manufacturer uses three warehouses to store the items. They can be categorized as own warehouse (OW) and rental warehouse (RW). Rental warehouse considered in the present study are of two types; one having low rent with high deterioration and the other having high rent but low deterioration.
The present model is mainly applicable for dairy products, bakery items, floral industry etc. The main objective is to optimize the total inventory cost. The theoretical developments are numerically justified by an example. In order to study the effect of changes in the parameters on total cycle time and total cost, a sensitivity analysis is also carried out.
"Three warehouse production inventory model for deteriorating items with advertisement and price dependent demand", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.7, Issue 5, page no.239-247, May-2022, Available :https://ijnrd.org/papers/IJNRD2205024.pdf
Volume 7
Issue 5,
May-2022
Pages : 239-247
Paper Reg. ID: IJNRD_181256
Published Paper Id: IJNRD2205024
Downloads: 000118816
Research Area: Management
Country: Agra, UP, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
