Abstract : In this paper, Author's extent the two warehouses inventory models for non-instantaneous deteriorating items by considering shortages under progressive trade credit policy. In this paper we derived some profit functions for several realistic cases sub cases and scenarios based on the non-instantaneous deterioration and the trade credit period along with the time varying holding cost. The functions formulated as non-linear constrained optimization problem along with the solution procedure. Impact ofi shortages are observed and to illustrate the robustness ofi the model, a comprehensive sensitivity analysis has been performed on the optimal case, which is obtained by solving the hypothetical numerical examples with the help ofi proposed algorithm using Mathematica.
Key Words Inventory theory, non-instantaneous deterioration, Progressive trade credit, two-ware house, Shortages, Time-varying holding costrideal
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