A Comparative Study Between Inventory Followed by Shortages and Shortages Followed by Inventory Under Trade-Credit Policy

S. Khanra, Buddhadev Mandal, B. Sarkar

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

This paper deals with a comparison between inventory followed by shortages model and shortages followed by inventory model with variable demand rate. It is assumed that the stock deteriorates over time which follows a two parameter Weibull distribution. Both the models are assumed fixed trade credit period to the retailer from the supplier. The model is solved analytically and the results are illustrated with numerical examples.

Original languageEnglish
Pages (from-to)399-426
Number of pages28
JournalInternational Journal of Applied and Computational Mathematics
Volume1
Issue number3
DOIs
Publication statusPublished - 2015 Sep 1

All Science Journal Classification (ASJC) codes

  • Computational Mathematics
  • Applied Mathematics

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