Cost Analysis for a Supplier in an Inflationary Environment with Stock Dependent Demand Rate for Perishable Items | Zendy

Madhu Jain | Zendy; Garima Sharma | Zendy; Varsha Rani | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Cost Analysis for a Supplier in an Inflationary Environment with Stock Dependent Demand Rate for Perishable Items

Author(s) -

Madhu Jain,

Garima Sharma,

Varsha Rani

Publication year - 2014

Publication title -

advances in decision sciences

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.178

H-Index - 13

eISSN - 2090-3367

pISSN - 2090-3359

DOI - 10.1155/2014/457276

Subject(s) - time value of money , stock (firearms) , carrying cost , inventory cost , inflation (cosmology) , economic order quantity , economics , operations research , econometrics , computer science , total cost , microeconomics , supply chain , business , finance , mathematics , marketing , mechanical engineering , physics , theoretical physics , engineering

The present study is concerned with the cost modeling of an inventory system with perishable multi-items having stock dependent demand rates under an inflationary environment of the market. The concept of permissible delay is taken into account. The study provides the cost analysis of inventory system under the decision criteria of time value of money, inflation, deterioration, and stock dependent demand. Numerical illustrations are derived from the quantitative model to validate the results. The cost of inventory and optimal time are also computed by varying different system parameters. The comparison of these results is facilitated by computing the results with neurofuzzy results.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research