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Inventory Model for Deteriorating Items with Stock Dependent Demand under the Effect of Inflation and Trade Credit Period

by K. Prasanna Lakshmi, P. Parvathi
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 150 - Number 9
Year of Publication: 2016
Authors: K. Prasanna Lakshmi, P. Parvathi
10.5120/ijca2016911631

K. Prasanna Lakshmi, P. Parvathi . Inventory Model for Deteriorating Items with Stock Dependent Demand under the Effect of Inflation and Trade Credit Period. International Journal of Computer Applications. 150, 9 ( Sep 2016), 21-28. DOI=10.5120/ijca2016911631

@article{ 10.5120/ijca2016911631,
author = { K. Prasanna Lakshmi, P. Parvathi },
title = { Inventory Model for Deteriorating Items with Stock Dependent Demand under the Effect of Inflation and Trade Credit Period },
journal = { International Journal of Computer Applications },
issue_date = { Sep 2016 },
volume = { 150 },
number = { 9 },
month = { Sep },
year = { 2016 },
issn = { 0975-8887 },
pages = { 21-28 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume150/number9/26121-2016911631/ },
doi = { 10.5120/ijca2016911631 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T23:55:30.844035+05:30
%A K. Prasanna Lakshmi
%A P. Parvathi
%T Inventory Model for Deteriorating Items with Stock Dependent Demand under the Effect of Inflation and Trade Credit Period
%J International Journal of Computer Applications
%@ 0975-8887
%V 150
%N 9
%P 21-28
%D 2016
%I Foundation of Computer Science (FCS), NY, USA
Abstract

In this study a deterministic inventory model for deteriorating items with stock dependent demand is devolped. In this model the shortages are allowed and partially backlogged and the effect of inflation rate and delay in payments are discussed. In this paper it is proves an inventory model for deteriorating items and stock dependent demand rate under inflation when supplier offers a permissible delay to the purchaser. Then obtains an optimal solution to find the optimal total relevant cost in two cases. CASE-1: In this case the length of the period with the positive inventory of items is longer than the credit period. CASE-2 : In this case, the permissible delay is longer than the length of the period with the positive inventory of items . The interest of purchasing cost is charged for the delay of payments by the retailers. In both the cases the total average inventory cost per unit time is minimized.

References
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Index Terms

Computer Science
Information Sciences

Keywords

Stock dependent demand deteriorating items inflation rate trade credit period shortages and backlogging.

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