Three warehouse production inventory model for deteriorating items with advertisement and price dependent demand

Three warehouse production inventory model for deteriorating items with advertisement and price dependent demand

Registration ID: IJNRD_181256

Published ID: IJNRD2205024

DOI: Click Here to Get

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.

Published Paper   E-Certificate

"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: 000121164

Research Area: Management

Country: Agra, UP, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2205024.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2205024

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

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

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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