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ANALYTICAL AND NUMERICAL SOLUTION FOR MULTIPLE WAREHOUSE SUPPLY CHAIN MODEL FOR DETERIORATING PRODUCT
Keywords:
inventory level, deteriorating products, multiple warehouses, economic order quantityDOI:
https://doi.org/10.17654/0972361723012Abstract
In this paper, analytical and numerical solution for multi warehouses inventory model with ramp type demand considered. The model developed as reorder level is infinite, shortages are not allowed and various levels of product deterioration in the multi warehouses. The aim of the model is to obtain the optimal reorder policies for minimizing the average total inventory costs with various parameters to prevent the deterioration of items. Optimum order level and average total cost obtained by using an algorithm. Finally, numerical examples and analytical solutions are provided to illustrate the proposed model. Sensitivity analysis is discussed with various decision parameters.
Received: August 1, 2022; Revised: December 4, 2022; Accepted: December 24, 2022; Published: February 3, 2023
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