Coordinating Supply Chain Inventory Model for Deteriorating Products
M. Ravithammal1, M. Babu2, G. Rasitha Banu3, P. Muniappan4
1M. Ravithammal, Assistant Professor, Department of Mathematics, The Quaide Milleth College for Men, Chennai (Tamil Nadu), India.
2M. Babu, Assistant Professor, Department of Mathematics, Vels Institute of Science, Technology and Advanced Studies, Chennai (Tamil Nadu), India.
3G. Rasitha Banu, Assistant Professor, Department of Health Informatics, FPHTM, Jazan University, KSA.
4P. Muniappan, Assistant Professor, Department of Mathematics, Sathyabama Institute of Science and Technology, Chennai (Tamil Nadu), India.
Manuscript received on 18 January 2020 | Revised Manuscript received on 01 February 2020 | Manuscript Published on 05 February 2020 | PP: 89-91 | Volume-8 Issue-4S5 December 2019 | Retrieval Number: D10321284S519/2019©BEIESP | DOI: 10.35940/ijrte.D1032.1284S519
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The paper manages an optimal inventory replenishment policy for a deteriorating item with two part coordination technique (coordination and non coordination). The aim of this model is to determine the optimal values for every strategy such that the expected total cost is minimized. The model is solved analytically to get the ideal solution. It is then outlined with the assistance of numerical models.
Keywords: Inventory, Order quantity, Deteriorating Products, Coordination.
Scope of the Article: Software Product Lines