A PROBABILISTIC INVENTORY MODEL FOR CONDITIONAL CREDIT PERIOD AND LEAD TIME WITH MULTIPLE STORAGE FACILITIES

  • S. S. Mishra Department of Mathematics and Statistics, Dr.RML Avadh University, Faizabad, India
  • Himanshu Pandey Department of Mathematics and Statistics, DDU Gorakhpur University, Gorakhpur, India
  • R. S. Singh Department of Mathematics and Statistics, Dr.RML Avadh University, Faizabad, India
Keywords: Inventory Model, Conditional Credit Period, Storage Facilities, Total Expected Cost (TEC), Economic Order Quantity (EOQ)

Abstract

A probabilistic inventory model for conditional credit period with exponential demand, non-zero lead time and multiple storage facility has been developed. The behaviour of total expected cost (TEC) has been examined and the use and application of the model is demonstrated with the help of a numerical example.

 

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Published
2008-06-08
Section
Articles