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A finite replenishment model with increasing demand under inflation

Author

Listed:
  • Biswajit Sarkar
  • Shib Sankar Sana
  • Kripasindhu Chaudhuri

Abstract

In this inventory system, the retailers are allowed a period by the supplier to get trade-credit for the goods bought with some discount rates. Depending on the different lengths of the payment period, the retailers can earn interest from the supplier on the sales of inventory. The main purpose of this paper is to develop the retailer's optimal replenishment decision under trade-credit policy with effects of inflation. In this point of view, we consider an economic order quantity model for various types of deterministic demand patterns in which the delay periods and different discounts rates on purchasing cost are offered by the supplier to the retailers in the presence of inflation. The integrated associated profit function is maximised by analytical calculus method for various issues. Finally, some numerical examples are discussed to test the model for various type of demand pattern which are also graphically illustrated.

Suggested Citation

  • Biswajit Sarkar & Shib Sankar Sana & Kripasindhu Chaudhuri, 2010. "A finite replenishment model with increasing demand under inflation," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 2(3), pages 347-385.
    • Handle: RePEc:ids:ijmore:v:2:y:2010:i:3:p:347-385
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    Citations

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    Cited by:

    1. Satya Kumar Das, 2022. "A Fuzzy Multi Objective Inventory Model with Production Cost and Set-up-Cost Dependent on Population," Annals of Data Science, Springer, vol. 9(3), pages 627-643, June.
    2. Biswajit Sarkar & Sharmila Saren & Leopoldo Cárdenas-Barrón, 2015. "An inventory model with trade-credit policy and variable deterioration for fixed lifetime products," Annals of Operations Research, Springer, vol. 229(1), pages 677-702, June.
    3. Chandan Mahato & Gour Chandra Mahata, 2021. "Optimal inventory policies for deteriorating items with expiration date and dynamic demand under two-level trade credit," OPSEARCH, Springer;Operational Research Society of India, vol. 58(4), pages 994-1017, December.

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