An Inventory Model for Two Storage System with Stock Dependent Demand

Volume 7 Issue 3 July - September 2018

Research Paper

An Inventory Model for Two Storage System with Stock Dependent Demand

Amit Kumar Attri*, S. R. Singh**, Shweta Choudhary***

* Assistant Professor, Department of Mathematics, Delhi Technical Campus, Greater Noida, Uttar Pradesh, India.

** Professor, Department of Mathematics, CCS University Meerut, Uttar Pradesh, India.

*** Associate Professor and Head, Department of Applied Sciences, ABES Engineering College,.Dr. A. P. J. Abdul Kalam Technical University, Ghaziabad, Uttar Pradesh, India.

Attri, A. K., Singh, S. R., & Choudhary, S. (2018). An Inventory Model for Two Storage System with Stock Dependent Demand, i-manager's Journal on Mathematics, 7(3), 42-50. https://doi.org/10.26634/jmat.7.3.14668

Abstract

In this paper an inventory model to find out the buyer's optimal policy with two storage system has been developed. The buyer purchases a lot of Q units and transfers this stock in the display area in n equal lots. The demand considered here is a function of displayed stock level. The objective of this model is to optimize the total average cost for the buyer and find out the optimal number of shipments. A numerical example is presented to illustrate this study. The sensitivity analysis presented here shows that the model is quite stable and reflects the real life marketing situations.