ISJ Theoretical & Applied Science 08(40) 2016

ISPC The development of applied research, Harrisburg, USA

Sharma PK

INVENTORY MODELLING FOR ORDERING ITEMS WITH SHORTAGES.

Full Article: PDF

Scientific Object Identifier: http://s-o-i.org/1.1/TAS-08-40-11

DOI: http://dx.doi.org/10.15863/TAS.2016.08.40.11

Language: English

Citation: Sharma PK (2016) INVENTORY MODELLING FOR ORDERING ITEMS WITH SHORTAGES. ISJ Theoretical & Applied Science, 08 (40): 49-52. Soi: http://s-o-i.org/1.1/TAS-08-40-11 Doi: http://dx.doi.org/10.15863/TAS.2016.08.40.11

Pages: 49-52

Published: 30.08.2016

Abstract: The present article presents mathematical modeling for ordering items with shortages. In this model inventory is divided into four layers(suppliers, manufacturers, distributors and retailers).Every stage hold inventory in some of the form.. The demand is defined by Ramp type function in which in the first phase the demand increase with time and after that it becomes steady and towards the end in the final phase it decreases and becomes asymptotic.

Key words: Shortages, Ramp Type Demand, inventory