A partially backlogged two-warehouse EOQ model with non-instantaneous deteriorating items, price and time dependent demand and preservation technology using interval number

DOI10.1504/IJMOR.2021.118744MaRDI QIDQ2073508zbMATH OpenFDO

Authors Biman Kanti Nath, Nabendu Sen

Publication date 2 February 2022

Published in International Journal of Mathematics in Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1504/IJMOR.2021.118744

zbMATH Keywords

interval numbernon-instantaneous deteriorating itemparametric functional formpartial backloggingpreservationtwo-warehouse

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Review text

Summary: In this paper, a two-warehouse EOQ model for non-instantaneous deteriorating item with price and time dependent demand is developed under imprecise environment. To reduce the loss due to deterioration, the concept of preservation technology investment is incorporated. In order to make the model more general, shortages are allowed and are partially backlogged. Further, the impreciseness of the parameters like coefficients of demand rate, holding costs, deterioration costs, shortage cost and lost sale cost are assumed as interval numbers which are made crisp by parametric functional form representation of interval numbers. The objective of this model is to find an optimal ordering policy with a view to minimise total average cost. To illustrate the developed model, a numerical example is taken in its support and also sensitivity analysis is carried out with respect to some important parameters.

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Cited in

(3)

• Analysis of two-warehouse effects on inventory models under preservation technology and ramp-type demand with complete and partial backlogging
• A fuzzy EOQ model with exponential demand and deterioration with preservation technology
• A three-warehouse inventory model for deteriorating items to study the effective preservation cost and green investment under partial substitution

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