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In realistic world, there usually exist various factors that induce the retailer to order more items than the capacity of his Own-warehouse (OW). Therefore, for the retailer, it is very practical to determine whether or not to rent other warehouse and what order policy to adopt if other warehouse is indeed needed. For the stock dependent demand pattern, retailer has his own warehouse to display the...
In this paper, an inventory model is developed to deal the impreciseness present in market demand. It is assumed that the received items are not of perfect quality and after screening; imperfect items are withdrawn from inventory and sold at discounted price. However, in practice, errors occur in screening test. So, the screening process fails to be perfect. Due to acquaintance with handling methodology...
In this study, we propose an inventory model for a differential item, units of which are not in perfect conditions, sold from two-shops- primary and secondary shop, under one management is formulated with stock-dependent demand rate and inflation. Initially, items are purchased in lots and received at the primary shop with an infinite rate of replenishment, then perfect and defective units are separated,...
We propose to derive a deterministic inventory model for a stock with time-varying deterioration rate with a linear trend in demand over a finite planning horizon in this study. We assume that the supplier offers a credit limit to the retailer during which there is no interest charged. However, the retailer has the reserve capital with him to make the payments at the beginning of the transaction,...
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