Inventory Model for Deteriorating Substances through Price-Dependent Demand under Quantity-Dependent Trade Credit

  • Shefali Choudhary, Prof. (Dr.) Vikas Shrotriya, Dr. Pardeep Goel
Keywords: Inventory, Deterioration

Abstract

This paper investigates an integrated inventory model when the disintegration rate follows dramatic circulation under exchange credit. Here, it is expected that request rate is a component of selling cost and the allowable postponement in installment relies upon the request amount. In the model deficiencies are totally multiplied. The augmentation of the absolute benefit per unit of time is taken as the target capacity to concentrate on the retailer's ideal requesting strategy. This paper likewise presents a useful application model where the proposed inventory model is used to help business dynamic. Especially, the model created in the paper could be valuable in the space of inventory network the board. At long last, affectability examination of the ideal arrangement concerning significant boundaries is done. Our outcome represents that this model can be very helpful in deciding the ideal requesting strategy when the exchange credit period is being broke down

Published
2021-09-15
How to Cite
Dr. Pardeep Goel, S. C. P. (Dr.) V. S. (2021). Inventory Model for Deteriorating Substances through Price-Dependent Demand under Quantity-Dependent Trade Credit. Design Engineering, 11816-11827. Retrieved from http://thedesignengineering.com/index.php/DE/article/view/4336
Section
Articles