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A volume flexible two-warehouse model with fluctuating demand and holding cost under inflation

Author

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  • Ajay Singh Yadav
  • Anupam Swami

Abstract

This article develops a two-warehouse inventory model for decaying items under a volume flexible production system. The variable demand rate is taken into consideration. Unit production cost is considered to be dependent on production rate, tool cost and dye cost. The own warehouse is taken of fixed capacity. The objective of this study is to determine the optimal schedule, for this purpose solution procedure is provided. A numerical assessment with sensitivity of different system parameters is also given to illustrate the concept of the model.

Suggested Citation

  • Ajay Singh Yadav & Anupam Swami, 2019. "A volume flexible two-warehouse model with fluctuating demand and holding cost under inflation," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 12(4), pages 441-456.
    • Handle: RePEc:ids:ijpman:v:12:y:2019:i:4:p:441-456
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    Cited by:

    1. Rini & Priyamvada & Chandra K. Jaggi, 2021. "Sustainable and flexible production system for a deteriorating item with quality consideration," 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. 12(5), pages 951-960, October.

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