An Inventory Model For Two Storage System With Stock Dependent Demand
Amit attri
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Source: Crossref
Published: Jan 1, 2019
DOI: 10.26634/jmat.7.3.14668
Open original source ↗Source abstract
In this paper an inventory model to find out the buyer's optimal policy with two storage system has been developed. The buyer purchases a lot of Q units and transfers this stock in the display area in n equal lots. The demand considered here is a function of displayed stock level. The objective of this model is to optimize the total average cost for the buyer and find out the optimal number of shipments. A numerical example is presented to illustrate this study. The sensitivity analysis presented here shows that the model is quite stable and reflects the real life marketing situations.
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