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An imprecise-inventory model with PEND and SEND policy

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  • Dipak Barman
  • Barun Das

Abstract

A continuous review economic order quantity (EOQ) model (with shortage) is modelled here. The inventory cost parameters are imprecise in nature. The model is developed for Partially Enforced Delay (PEND) and Strictly Enforced Delay (SEND) policies with lead time crashing cost. Here demand of the item is a linear function of selling price and usable lead time. For each policy, a set-up cost reduction technique has been applied to the model. Moreover, a statistical t-test has been used to compare the policies. We also present some numerical examples, sensitivity analysis and their discussions to stabilise the model.

Suggested Citation

  • Dipak Barman & Barun Das, 2018. "An imprecise-inventory model with PEND and SEND policy," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 13(2), pages 243-268.
    • Handle: RePEc:ids:ijmore:v:13:y:2018:i:2:p:243-268
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    Cited by:

    1. Dipak Barman & Gour Chandra Mahata, 2022. "Two-echelon production inventory model with imperfect quality items with ordering cost reduction depending on controllable lead time," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(5), pages 2656-2671, October.

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