An Inventory Model for Growing Items with Deterioration and Trade Credit

Title

An Inventory Model for Growing Items with Deterioration and Trade Credit

Creator

Sharma A.; Saraswat A.K.

Description

Growing items industry plays a vital role in the economy of most of the countries. Growing item industries consists of live stocks like sheep, fishes, pigs, chickens etc. In this paper, we developed a mathematical model for growing items by considering various operational constraints. The aim of the present model is to optimize the net profit by optimizing decision variables like time after growing period and shortages. Also, the delay in payment policy has been used to maximize the profit. A numerical example is provided in support of the solution procedure. Sensitivity analysis provides some important insights. 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

Source

Lecture Notes in Networks and Systems, Vol-290, pp. 232-238.

Date

2021-01-01

Publisher

Springer Science and Business Media Deutschland GmbH

Subject

Delay in payment; Deteriorating items; Growing items; Inventory management; Mortality; Price dependent demand

Coverage

Sharma A., School of Sciences, CHRIST (Deemed to be University), Delhi-NCR, Ghaziabad, 201003, India; Saraswat A.K., Department of Mathematics, Institute of Applied Sciences and Humanities, GLA University, NH-2, Mathura, 281406, India

Rights

Restricted Access

Relation

ISSN: 23673370; ISBN: 978-981164485-6

Format

Online

Language

English

Type

Conference paper

Identifier

https://doi.org/10.1007/978-981-16-4486-3_25

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85115080487&doi=10.1007%2f978-981-16-4486-3_25&partnerID=40&md5=c6e3b78acb900e21e16c384dbcbb6419