INVENTORY OF DIFFERENTIAL ITEMS SELLING AT TWO SHOPS UNDER SINGLE MANAGEMENT

  • Kar, S. (Department of Basic Science and Humanities, Haldia Institute of Technology) ;
  • Bhunia, A.K. (Department of Basic Science and Humanities, Haldia Institute of Technology) ;
  • Maiti, M. (Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar University)
  • Published : 2003.01.01

Abstract

Inventory of differential (both good And defective) items purchased in a lot for two shops under a single management is considered here. In the primary shop, the lot is received and separated, only good units are sold and shortages are allowed which are backlogged from the good units specially purchased at the beginning of the next cycle. The separated defective units are continuously transferred and sold at a reduced price from the secondary shop. This inventory model is formulated and illustrated numerically for three scenarios depending upon the time periods of the shops. Inventory, deterioration, two shops.

Keywords

References

  1. Management Science v.2 Inventory control and price theory T. M. Whitim
  2. Econometrica v.39 Optimal pricing and inventory decisions for non-seasonal items H. Kunereuther;J. F. Richard
  3. International Journal of Production Research v.24 The effects of varying marketing policies and conditions on the economic ordering quantity H. L. Lee;M. J. Rosenblatt
  4. Management Science v.42 Optimal pricing and lot-sizing under conditions of perishability ad partial back ordering P. L. Abad
  5. Operations management: contemporary policy for managing operating systems R. I. Levin;C. P. Mclaughlin;R. P. Lamone;J. F. Kottas, Production
  6. Journal of Business Economics v.8 Distribution and final demand. The influence of availability Mississippi Vally P. B. Schary;R. C. Becker
  7. Industrial Management Review v.9 A Model for control of style merchandise H. B. Wolfe
  8. Opsearch v.23 An EOQ model for stock dependent consumption rate T. Gupta;P. Vrat
  9. Journal of Operational Research Society v.39 A dependent deterministic inventory system with an inventory level-dependent rate R. C. Baker;T. L. Urban
  10. Computers and Enfineering v.22 Deterministic incentory models incorporating marketing decisions T. L. Urban
  11. Opetational Research v.30 Perishable inventory theory : A review S. Nahmias
  12. Journal of Operational Research Society v.40 An inventroy model for deteriorating items and stock-dependent consumption rate B. N. Mondal;S. Phaujdar