Effect of Preservation Technology on a Supply Chain Inventory Model with Time Varying Holding Cost, Price and Stock Dependent Demand under Replenishment Policy

Authors : Sandeep Kumar; R.K. Sharma

Volume/Issue : Volume 7 - 2022, Issue 2 - February

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3CW4vng

DOI : https://doi.org/10.5281/zenodo.6372518

We look at a supply chain inventory model with time-varying holding costs, price and stockdependent demand under a replenishment policy in this work. Both the length of non-deterioration time and the rate of deterioration are affected by preservation technology. We investigate two scenarios in this model: Shortages occur after or before the non-deterioration phase. In this paper, we show that for any given price and preservation investment policies, there exists a global replenishment policy. A numerical example is provided to explain the development model. In terms of important parameters, the optimum solution is also subjected to a sensitivity analysis.

Keywords : Time varying holding cost, price/stock dependent demand, replenishment rate, preservation technology, inflation.


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