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Supply Chain Model with Two Storage Facility for Stock Dependent Demand Incorporating Learning and Inflationary Effect under Crisp and Fuzzy Environment

Author

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  • Chaman Singh

    (Acharaya Narendra Dev College, University of Delhi, New Delhi, India)

  • Shiv R. Singh

    (Department of Mathematics, C.C.S. University, Meerut, India)

Abstract

In this paper, a supply chain model with power form stock-dependent demand rate is developed, incorporating the effect of learning and inflationary environment. In order to bring their research closer to reality, all the cost parameters involved in the model are considered fuzzy in nature. The demand rate is assumed to be a polynomial form of current inventory level in Own-warehouse. To display the items, retailer has one warehouse of finite capacity, treated as own warehouse (OW) and may hire another warehouse of large capacity, treated as rented warehouse (RW) to storage the excess inventory. Learning effect is incorporated on retailer's selling price, purchasing cost, part of holding cost, deterioration cost and ordering cost. Proposed model is illustrated with some numerical example along with sensitivity analysis of parameters.

Suggested Citation

  • Chaman Singh & Shiv R. Singh, 2017. "Supply Chain Model with Two Storage Facility for Stock Dependent Demand Incorporating Learning and Inflationary Effect under Crisp and Fuzzy Environment," International Journal of Fuzzy System Applications (IJFSA), IGI Global, vol. 6(2), pages 82-109, April.
    • Handle: RePEc:igg:jfsa00:v:6:y:2017:i:2:p:82-109
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