International Journal of Supply Chain Management
Vol 7, No 4 (2018): International Journal of Supply Chain Management (IJSCM)

MATHEMATICAL MODELLING SOLUTIONS FOR STOCK AND COST DEPENDENT INVENTORY IN A LIMITED DISPLAY SPACE WAREHOUSE

Goyal, Shradha (Unknown)
Pandey, Rudresh (Unknown)

Article Info

Publish Date
29 Aug 2018

Abstract

Study in this paper is concerned with optimization of both quantity of order and selling price together, considering EOQ model for items with depreciating nature. It is based on the few assumptions like rate of demand is dependent on level of stock displayed on shelf as well as per unit selling rate, also, the space for stock display is finite. Two mathematical models are studied to investigate the further revised EOQ modelling for obtaining maximum profits and also develop models for such optimized solutions. Justification and analysis of the work developed and studied is done through sensitivity analysis and numerical examples.

Copyrights © 2018




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Journal Info
International Journal of Supply Chain Management
Website

Abbrev

IJSCM

Publisher

ExcelingTech

Subject

Decision Sciences, Operations Research & Management Engineering Environmental Science Industrial & Manufacturing Engineering Transportation

Description

International Journal of Supply Chain Management (IJSCM) is a peer-reviewed indexed journal, ISSN: 2050-7399 (Online), 2051-3771 (Print), that publishes original, high quality, supply chain management empirical research that will have a significant impact on SCM theory and practice. Manuscripts ...