A Study of a Two Storage Single Product Inventory System with Ramp Type Demand, N-Phase Prepayment and Purchase for Exigency

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27230%2F23%3A10252406" target="_blank" >RIV/61989100:27230/23:10252406 - isvavai.cz</a>

Result on the web

<a href="https://www.mdpi.com/2227-7390/11/7/1728" target="_blank" >https://www.mdpi.com/2227-7390/11/7/1728</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/math11071728" target="_blank" >10.3390/math11071728</a>

Result language

angličtina

Original language name

A Study of a Two Storage Single Product Inventory System with Ramp Type Demand, N-Phase Prepayment and Purchase for Exigency

Original language description

This model considers a two-warehouse inventory system of deteriorated items with ramp-type demand and a constant rate of deterioration. It is maintained a rental warehouse (RW) of infinite capacity to load the excess items of replenished goods after filling the items of finite capacity in the own warehouse (OW). Retailers are encouraged to opt for the prepayment option of paying their purchase cost in equal installments prior to the delivery of the ordered items with a considerable discount, which will ensure the purchase guarantee of their orders. The slotted backlog interval of the stock out period is handled in two different ways to retain the customers and ease their impatience. Customers in the first slot of the stock out period are satisfied by the emergency purchases from local suppliers with high purchasing costs to avoid losing customers. Customers in the next slot are satisfied immediately after the next replenishment point. Essential measures of the system are derived: optimal ordering quantities from both regular and local suppliers; replenishment cycle length; and a partitioned backlog interval. A numerical example is given along with the optimal solutions for a particular environment with sensitive analysis in order to validate the model&apos;s efficacy.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

20301 - Mechanical engineering

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Mathematics

ISSN

2227-7390

e-ISSN

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Volume of the periodical

11

Issue of the periodical within the volume

7

Country of publishing house

CH - SWITZERLAND

Number of pages

17

Pages from-to

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UT code for WoS article

000969843200001

EID of the result in the Scopus database

2-s2.0-85152785785