Different Deterioration Rates Two Storage Facilities Deteriorating Items Inventory Model Under Time And Price Dependent Demand For Single Buyer Single Vendor

摘要

An optimal policy for vendor and buyer is developed for items having deterioration and demand is linear function of time and price. One vendor and one buyer system model is constructed as profit maximization to determine the system’s optimal cycle time (strategy) under two storage facilities for buyer. We also determine the profit of buyer-vendor jointly. Numerical illustrations show that both buyer and vendor earn significant profit in supply chain inventory system. For parameters, post-optimality analysis is also done.