AN OPTIMAL REPLENISHMENT POLICY FOR DETERIORATING ITEMS WITH RAMP TYPE DEMAND UNDER PERMISSIBLE DELAY IN PAYMENTS

Dr. Sanjay Jain, Mukesh Kumar, Priya Advani

Abstract


The aim of this paper is to develop an optimal replenishment policy for inventory models of deteriorating items with ramp type demand under permissible delay in payments. Deterioration of items begins on their arrival in stock.  An example is also presented to illustrate the application of developed model.


Keywords


Replenishment policy, Deterioration, Ramp type demand, Permissible delay in payments

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DOI: http://dx.doi.org/10.18187/pjsor.v5i2.187

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Title

AN OPTIMAL REPLENISHMENT POLICY FOR DETERIORATING ITEMS WITH RAMP TYPE DEMAND UNDER PERMISSIBLE DELAY IN PAYMENTS

Keywords

Replenishment policy, Deterioration, Ramp type demand, Permissible delay in payments

Description

The aim of this paper is to develop an optimal replenishment policy for inventory models of deteriorating items with ramp type demand under permissible delay in payments. Deterioration of items begins on their arrival in stock.  An example is also presented to illustrate the application of developed model.


Date

2010-10-05

Identifier


Source

Pakistan Journal of Statistics and Operation Research; Vol 5. No. 2, July 2009



Print ISSN: 1816-2711 | Electronic ISSN: 2220-5810