Title of article
A Comparative Study Between Inventory Followed by Shortages and Shortages Followed by Inventory Under Trade-Credit Policy
Author/Authors
khanra, s. tamralipta mahavidyalaya - department of mathematics, India , mandal, buddhadev vidyasagar university - department of applied mathematics with oceanology and computer programming, India , sarkar, b. hanyang university - department of industrial management engineering, South Korea
From page
399
To page
426
Abstract
This paper deals with a comparison between inventory followed by shortages model and shortages followed by inventory model with variable demand rate. It is assumed that the stock deteriorates over time which follows a two parameter Weibull distribution. Both the models are assumed fixed trade credit period to the retailer from the supplier. The model is solved analytically and the results are illustrated with numerical examples.
Keywords
Comparative study , Variable demand , Probabilistic deterioration , Permissible delay , in , payments
Journal title
International Journal Of Applied and Computational Mathematics
Journal title
International Journal Of Applied and Computational Mathematics
Record number
2603323
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