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Economic order quantity model for deteriorating item with preservation technology in time dependent demand with partial backlogging and trade credit

Author

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  • Ali Akbar Shaikh
  • Gobinda Chandra Panda
  • Satyajit Sahu
  • Ajit Kumar Das

Abstract

In this paper, we have described an inventory model for deteriorating item with preservation technology in time dependent demand with trade credit facility and partial backlogging. We have introduced an interesting factor preservation technology to reduce the deterioration rate. Shortages are allowed with a constant backlogging rate. Also, in this paper we have introduced trade credit policy in the perspective of retailers. Our main objective is to find the cycle length, preservation technology strategies and total profit. We have solved two numerical examples to validate our proposed inventory model and presented concavity graphically by using Matlab software for each example. Finally, we have presented a sensitivity analysis by changing one parameter at a time and keep rest of the parameters are same.

Suggested Citation

  • Ali Akbar Shaikh & Gobinda Chandra Panda & Satyajit Sahu & Ajit Kumar Das, 2019. "Economic order quantity model for deteriorating item with preservation technology in time dependent demand with partial backlogging and trade credit," International Journal of Logistics Systems and Management, Inderscience Enterprises Ltd, vol. 32(1), pages 1-24.
    • Handle: RePEc:ids:ijlsma:v:32:y:2019:i:1:p:1-24
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    Citations

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    Cited by:

    1. Mrudul Y. Jani & Heta A. Patel & Amrita Bhadoriya & Urmila Chaudhari & Mohamed Abbas & Malak S. Alqahtani, 2023. "Deterioration Control Decision Support System for the Retailer during Availability of Trade Credit and Shortages," Mathematics, MDPI, vol. 11(3), pages 1-27, January.
    2. Md Sadikur Rahman & Subhajit Das & Amalesh Kumar Manna & Ali Akbar Shaikh & Asoke Kumar Bhunia & Leopoldo Eduardo Cárdenas-Barrón & Gerardo Treviño-Garza & Armando Céspedes-Mota, 2021. "A Mathematical Model of the Production Inventory Problem for Mixing Liquid Considering Preservation Facility," Mathematics, MDPI, vol. 9(24), pages 1-19, December.
    3. Mohammed Alnahhal & Batin Latif Aylak & Muataz Al Hazza & Ahmad Sakhrieh, 2024. "Economic Order Quantity: A State-of-the-Art in the Era of Uncertain Supply Chains," Sustainability, MDPI, vol. 16(14), pages 1-19, July.
    4. Chaitanyakumar N. Rapolu & Deepa H. Kandpal, 2020. "Joint pricing, advertisement, preservation technology investment and inventory policies for non-instantaneous deteriorating items under trade credit," OPSEARCH, Springer;Operational Research Society of India, vol. 57(2), pages 274-300, June.

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