IDEAS home Printed from https://ideas.repec.org/a/ids/ijpman/v19y2024i4p558-581.html
   My bibliography  Save this article

Inventory models for deteriorative items with price dependent demand integrated with stock dependent demand

Author

Listed:
  • C.K. Sivashankari
  • T. Nithya

Abstract

Inventory models with integrated price and stock-dependent demands for deteriorative items are considered in this study. The demand models found in the literature include constant, linear, quadratic, exponential, price dependent, and stock dependent among others. To wit, no study exists that uses price dependent integrated with stock dependent demand. Three models are developed: the first model uses price-dependent demand integrated with stock-dependent demands. The second model uses stock-dependent demand which is given in Appendix A and the third model uses price-dependent demand which is given in Appendix B. Mathematical models are delineated for each model and relevant examples are provided to elucidate the proposed procedure. The objective herein is to obtain optimum cycle time with respect to the overall minimum cost. Sensitivity analysis is provided. The necessary data was generated using visual basic 6.0.

Suggested Citation

  • C.K. Sivashankari & T. Nithya, 2024. "Inventory models for deteriorative items with price dependent demand integrated with stock dependent demand," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 19(4), pages 558-581.
    • Handle: RePEc:ids:ijpman:v:19:y:2024:i:4:p:558-581
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=137327
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijpman:v:19:y:2024:i:4:p:558-581. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=255 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.