This paper represents an inventory model for ordering and transfer- ring policy with random, deterioration and several demand patterns. The number of transfers per order from warehouse to display area and optimal order quantity are determined in this model. The random deterioration makes a realistic scenario when the retailer has several products. The model uses different demand pattern to check the optimum profit for different situation. The main purpose of this model is to maximize average profit per unit time for retailer. The retailer receives products from supplier and store in a warehouse. These items are transferred through multi-delivery policy with equal lot-size. There are four lemmas to establish the global maximum solution analytically. Some numerical examples and graphical representations are given to illustrate the model.
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All Science Journal Classification (ASJC) codes
- Algebra and Number Theory
- Statistics and Probability
- Geometry and Topology