CFP last date
20 December 2024
Call for Paper
January Edition
IJCA solicits high quality original research papers for the upcoming January edition of the journal. The last date of research paper submission is 20 December 2024

Submit your paper
Know more
The week's pick
Responsive image
Improved Shuffled Frog Leaping Algorithm with Self-Adaptive Shuffling for Fuzzy Logic PD+G Controller Optimization in Robotic Manipulators

Duc Hoang Nguyen
Random Articles
Reseach Article

An Inflation Induced Stock-Dependent Demand Inventory Model with Permissible delay in Payment

by Yashveer Singh, A K Malik, Satish Kumar
journal cover thumbnail

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 96 - Number 25
Year of Publication: 2014
Authors: Yashveer Singh, A K Malik, Satish Kumar
10.5120/16949-6917

Yashveer Singh, A K Malik, Satish Kumar . An Inflation Induced Stock-Dependent Demand Inventory Model with Permissible delay in Payment. International Journal of Computer Applications. 96, 25 ( June 2014), 14-18. DOI=10.5120/16949-6917

@article{ 10.5120/16949-6917,
author = { Yashveer Singh, A K Malik, Satish Kumar },
title = { An Inflation Induced Stock-Dependent Demand Inventory Model with Permissible delay in Payment },
journal = { International Journal of Computer Applications },
issue_date = { June 2014 },
volume = { 96 },
number = { 25 },
month = { June },
year = { 2014 },
issn = { 0975-8887 },
pages = { 14-18 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume96/number25/16949-6917/ },
doi = { 10.5120/16949-6917 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T22:22:44.755953+05:30
%A Yashveer Singh
%A A K Malik
%A Satish Kumar
%T An Inflation Induced Stock-Dependent Demand Inventory Model with Permissible delay in Payment
%J International Journal of Computer Applications
%@ 0975-8887
%V 96
%N 25
%P 14-18
%D 2014
%I Foundation of Computer Science (FCS), NY, USA
Abstract

This paper deals with an inflation induced stock dependent demand inventory model with permissible delay in payments. In real life situations, some products maintain freshness and quality for some time. This inventory model is developed for non-instantaneous deteriorating items. The purpose of this paper is to obtain the optimal policies for maximizing the total profits. Numerical examples are provided to demonstrate the developed model and also to provide the solution algorithm.

References
  1. J. A. Buzacott, (1975). Economic order quantities with inflation, Operation Research 26, 553–558.
  2. Goyal, S K: Economic order quantity under conditions of permissible delay in payments. J. Oper. Res. Soc. 36, 35–38 (1985).
  3. Gupta, R. , Vrat, P. , (1986). Inventory model with multi-items under constraint systems for stock dependent consumption rate. Operations Research 24, 41–42.
  4. Aggarwal, S. P. and Jaggi, C. K. (1995): Ordering policies of deteriorating items under conditions of permissible delay in payments, J. Operat. Res. Soc. , 46, 658- 662.
  5. M. Hariga, M. Ben-daya, (1996). Optimal time-varying lot sizing models under inflationary conditions, European Journal of Operation Research. 89, 313–325.
  6. Liao, H. C. Tsai, C. H. , & Su, C. T. (2001). An inventory model for deteriorating items under inflation when a delay in payment is permissible. International Journal of Production Economics, 63, 207–214.
  7. C. K. Jaggi, K. K. Aggarwal, S. K. Goyal, (2006). Optimal Order Policy for Deteriorating Items with Inflation Induced Demand, International Journal of Production Economics 103, 707– 714.
  8. Pal, M. and Ghosh, S. K. (2006): An inventory model with shortage and quantity dependent permissible delay in payment, Aust. Soc. Operat. Res. Bull. , 25(3).
  9. Soni H, Shah NH (2008). Optimal ordering policy for stock-dependent demand under progressive payment scheme. European Journal of Operational Research 184:91–10.
  10. S. R. Singh, A. K. Malik (2009). Two warehouses model with inflation induced demand under the credit period, International Journal of Applied Mathematical Analysis and Applications, Vol. 4, No. 1, 59-70.
  11. Chun-Tao Chang, Jinn-Tsair Teng, Suresh Kumar Goyal (2010). Optimal replenishment policies for non-instantaneous deteriorating items with stock-dependent demand, International Journal of Production Economics, Volume 123, 62–68.
  12. Khanra, S, Ghosh, SK, Chaudhuri, KS: An EOQ model for a deteriorating item with time dependent quadratic demand under permissible delay in payment. Appl. Math. Comput. 218, 1–9 (2011)
  13. Sana, S. S. , (2012). An EOQ model for perishable item with stock-dependent demand and price discount rate. American Journal of Mathematical and Management Sciences.
Index Terms

Computer Science
Information Sciences

Keywords

Inflation Inventory Non-instantaneous deterioration Permissible delay in payments Purchasing cost Sales revenue cost Stock-dependent demand.

Powered by PhDFocusTM