A two-warehouse inventory model for deteriorating items under conditionally permissible delay in payment

Applied Mathematical Modelling

Volumn 35, Issue 5, 2011, Pages 2221-2231

  Liang, Yanlai ^a   Zhou, Fangming ^b  

^a YULIN NORMAL UNIVERSITY   (China)

^b Hezhou Development and Reform Commission   (China)

Author keywords

Deterioration; Inventory model; Permissible delay in payment; Two warehouse

Indexed keywords

DETERIORATING ITEMS; HOLDING COSTS; INVENTORY COSTS; INVENTORY MODELS; NUMERICAL EXAMPLE; OPTIMAL SOLUTIONS; PERMISSIBLE DELAY IN PAYMENTS; REPLENISHMENT POLICY; TWO-WAREHOUSE; TWO-WAREHOUSE INVENTORY;

DETERIORATION; INVENTORY CONTROL; NUMERICAL ANALYSIS; OPTIMAL SYSTEMS; OPTIMIZATION; SENSITIVITY ANALYSIS;

WAREHOUSES;

EID: 78751637323     PISSN: 0307904X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apm.2010.11.014     Document Type: Article

References (36)

1. Nahmias S. Perishable inventory theory: a review. Operations Research 1982, 30:680-708.
2. Raffat F. Survey of literature on continuously deteriorating inventory model. European Journal of Operational Research Society 1991, 42:27-37.
3. Goyal S.K., Giri B.C. Recent trends in modeling of deteriorating inventory. European Journal of Operational Research 2001, 134:1-16.
4. Wu K.S., Ouyang L.Y., Yang C.T. An optimal replenishment policy for non-instantaneous deteriorating items with stock dependent demand and partial backlogging. International Journal of Production Economics 2006, 101:369-384.
5. Ouyang L.Y., Wu K.S., Yang C.T. A study on an inventory model for non-instantaneous deteriorating items with permissible delay in payments. Computers and Industrial Engineering 2006, 51:637-651.
6. Sarma K.V.S. A deterministic order level inventory model for deteriorating items with two storage facilities. European Journal of Operational Research 1987, 29:70-73.
7. Benkherouf L. A deterministic order level inventory model for deteriorating items with two storage facilities. International Journal of Production Economics 1997, 48:167-175.
8. Pakkala T.P.M., Achary K.K. A deterministic inventory model for deteriorating items with two warehouses and finite replenishment rate. European Journal of Operational Research 1992, 57:71-76.
9. Lee C.C. Two-warehouse inventory model with deterioration under FIFO dispatching policy. European Journal of Operational Research 2006, 174:861-873.
10. Niu B., Xie J.X. A note on Two-warehouse inventory model with deterioration under FIFO dispatch policy. European Journal of Operational Research 2008, 190:571C577.
11. Yang H.L. Two-warehouse inventory models for deteriorating items with shortages under inflation. European Journal of Operational Research 2004, 157:344-356.
12. Yang H.L. Two-warehouse partial backlogging inventory models for deteriorating items under inflation. International Journal of Production Economics 2006, 103:362-370.
13. Chung K.J., Huang T.S. The optimal retailer's ordering policies for deteriorating items with limited storage capacity under trade credit financing. International Journal of Production Economics 2007, 106:127-145.
14. Rong M., Mahapatra N.K., Maiti M. A two warehouse inventory model for a deteriorating item with partially/fully backlogged shortage and fuzzy lead time. European Journal of Operational Research 2008, 189:59-75.
15. Dey J.K., Mondal Shyamal Kumar, Maiti Manoranjan Two storage inventory problem with dynamic demand and interval valued lead-time over finite time horizon under inflation and time-value of money. European Journal of Operational Research 2008, 185:170-194.
16. Ishii H., Nose T. Perishable inventory control with two types of customers and different selling prices under the warehouse capacity constraint. International Journal of Production Economics 1996, 44:167-176.
17. Zhou Y.W. A multi-warehouse inventory model for items with time-varying demand and shortages. Computers and Operations Research 2003, 30:2115-2134.
18. Zhou Y.W., Yang S.L. A two-warehouse inventory model for items with stock-level-dependent demand rate. International Journal of Production Economics 2005, 95:215-228.
19. Maiti M.K., Maiti M. Fuzzy inventory model with two warehouses under possibility constraints. Fuzzy Sets and Systems 2006, 157:52-73.
20. Dye C.Y., Ouyang L.Y., Hsieh T.P. Deterministic inventory model for deteriorating items with capacity constraint and time-proportional backlogging rate. European Journal of Operational Research 2007, 178:789-807.
21. Hsieh T.P., Dye C.Y., Ouyang L.Y. Determining optimal lot size for a two-warehouse system with deterioration and shortages using net present value. European Journal of Operational Research 2008, 191:182C192.
22. Das B., Maity K., Maiti M. A two warehouse supply-chain model under possibility/necessity/credibility measures. Mathematical and Computer Modelling 2007, 46:398-409.
23. Lee C.C., Hsu S.L. A two-warehouse production model for deteriorating inventory items with time-dependent demands. European Journal of Operational Research 2009, 194:700-710.
24. Maiti M.K. Fuzzy inventory model with two warehouses under possibility measure on fuzzy goal. European Journal of Operational Research 2008, 188:746-774.
25. Goyal S.K. Economic order quantity under conditions of permissible delay in payments. Journal of the Operational research Society 1985, 36:35-38.
26. Aggarwal S.P., Jaggi C.K. Ordering policies of deteriorating items under permissible delay in payments. Journal of the Operational Research Society 1995, 46:658-662.
27. Chang C.T., Ouyang L.Y., Teng J.T. An EOQ model for deteriorating items under supplier credits linked to ordering quantity. Applied Mathematical Modelling 2003, 27:983-996.
28. Huang Y.F. An inventory model under two levels of trade credit and limited storage space derived without derivatives. Applied Mathematical Modelling 2006, 30:418-436.
29. Liao J.J. An EOQ model with noninstantaneous receipt and exponentially deteriorating items under two-level trade credit. International Journal of Production Economics 2008, 113:852-861.
30. Sana S.S., Chaudhuri K.S. A deterministic EOQ model with delays in payments and price-discount offers. European Journal of Operational Research 2008, 184:509-533.
31. Hwang H., Shinn S.W. Retailer's pricing and lot sizing policy for exponentially deteriorating products under the condition of permissible delay in payments. Computers and Operations Research 1997, 24:539-547.
32. Abad P.L., Jaggi C.K. A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive. International Journal of Production Economics 2003, 83:115-122.
33. Huang Y.F. Economic order quantity under conditionally permissible delay in payments. European Journal of Operational Research 2007, 176:911-924.
34. Huang Y.F. Optimal retailer's replenishment decisions in the EPQ model under two levels of trade credit policy. European Journal of Operational Research 2007, 176:1577-1591.
35. Huang Y.F., Hsu K.H. An EOQ model under retailer partial trade credit policy in supply chain. International Journal of Production Economics 2008, 112:655-664.
36. Ho C.H., Ouyang L.Y., Su C.H., pricing Optimal shipment and payment policy for an integrated supplier-buyer inventory model with two-part trade credit. European Journal of Operational Research 2008, 187:496-510.