International Journal of Application or Innovation in Engineering & Management
An Inspiration for Recent Innovation & Research….
ISSN 2319 – 4847
www.ijaiem.org

Call for Paper, Published Articles, Indexing Infromation Inventory policies for deteriorating item with stock dependent demand and variable holding costs under permissible delay in payment, Authors : Ms. Anupam Swami, Dr. S.R. Singh, Dr. Sarla Pareek , Dr. Ajay Singh Yadav, International Journal of Application or Innovation in Engineering & Management (IJAIEM), www.ijaiem.org
Volume & Issue no: Volume 4, Issue 2, February 2015

Title:
Inventory policies for deteriorating item with stock dependent demand and variable holding costs under permissible delay in payment
Author Name:
Ms. Anupam Swami, Dr. S.R. Singh, Dr. Sarla Pareek , Dr. Ajay Singh Yadav
Abstract:
ABSTRACT The existing inventory models for deteriorating items under the facility of allowable delay in payment considers holding cost per unit time to be constant. However, in business activities nowadays customers are given some delay period within which to settle for the goods supplied to them. During the delay period they can use the ensued money from sales of the supplied goods to earn interest within the allowed delay period. Therefore, customers will order more quantity to earn more money. This fact lays the base of variable holding cost because as well as stock of decaying item increase the holding cost of item increases due to its decaying nature. Also, in many practical situations on-hand stock affects the demand rate of the product. Therefore, in this study we have considered an economic ordered quantity model for deteriorating item with stock dependent demand and holding cost per unit time is considered as a function of two factors: deterioration and storage period. Shortages are allowed and partial backordering is taken into account in the present study. The concept of the model is illustrated with numerical examples and sensitivity analyses are also carried out.
Cite this article:
Ms. Anupam Swami, Dr. S.R. Singh, Dr. Sarla Pareek , Dr. Ajay Singh Yadav , " Inventory policies for deteriorating item with stock dependent demand and variable holding costs under permissible delay in payment " , International Journal of Application or Innovation in Engineering & Management (IJAIEM), Volume 4, Issue 2, February 2015 , pp. 089-099 , ISSN 2319 - 4847.
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