Inventory model for non-instantaneous deteriorating items with hybrid price and stock dependent demand in the view of delay in payments, inflation and customer returns
Jayasankari Chandramohan & Uthayakumar Ramasamy
What the paper says
This study creates an inventory model for a product that deteriorates gradually over time, with a hybrid price and stock-dependent demand that is affected by inflation and customer returns. We know from experience that demand is not necessarily constant, linear, or nonlinear; it is uncertain. The selling price, stock, and time value of money all influence demand. Shortages are allowed and partially backlogged. Customer returns are thought to rise in direct proportion to the portion vended and the product cost. The principle goal is to find the ideal cost structure, the time when there is no supply shortage, the appropriate restocking cycle, and the order amount all at the same time. The actual value of total profit is maximised over an indefinite time horizon.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.