OPTIMAL OUTSOURCING POLICY FOR A SUPPLY CHAIN MODEL WITH A FINITE REPLENISHMENT RATE, PRICE DEPENDENT DEMAND AND INCREMENTAL HOLDING COST UNDER INFLATION

摘要

In this paper, an outsourcing supply chain inventory model is developed for deteriorating items considering price dependent demand. This paper also considers the items deteriorating after a fixed time-period called life-time and taking incremental holding cost. Effect of inflation has also been taken into account. A comprehensive sensitivity has also been done for some parameters. Cost minimization technique is used to get the approximate expressions for total cost and outsourced quantity.