Partha Halder, Rajan Mondal, Goutam Mandal, Asoke Kumar Bhunia
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引用次数: 0
Abstract
This work is the demonstration of a two-storage inventory model for deteriorating items, considering bilevel trade credit facility. The customers' demand is dependent on selling price of the item and credit period offered by the retailer. Further, the items are deteriorating at a constant rate during stock-in situation, but the deterioration rates of the items in different warehouse are different. According to the credit period provided by the supplier to retailer, three distinct scenarios may arise among which are discussed in detail. The corresponding optimization problems are solved with the help of three tournament-based hybrid algorithms (tournament differential evolution [TDE], tournament teaching learning-based optimization [TTLBO], and tournament RAO-3 algorithms). Further, the feasibility of the proposed model is validated by considering a numerical example. Finally, the impacts of different system parameters on optimal policy are studied with the help of sensitivity experiment, and its impacts are shown graphically.
期刊介绍:
Mathematical Methods in the Applied Sciences publishes papers dealing with new mathematical methods for the consideration of linear and non-linear, direct and inverse problems for physical relevant processes over time- and space- varying media under certain initial, boundary, transition conditions etc. Papers dealing with biomathematical content, population dynamics and network problems are most welcome.
Mathematical Methods in the Applied Sciences is an interdisciplinary journal: therefore, all manuscripts must be written to be accessible to a broad scientific but mathematically advanced audience. All papers must contain carefully written introduction and conclusion sections, which should include a clear exposition of the underlying scientific problem, a summary of the mathematical results and the tools used in deriving the results. Furthermore, the scientific importance of the manuscript and its conclusions should be made clear. Papers dealing with numerical processes or which contain only the application of well established methods will not be accepted.
Because of the broad scope of the journal, authors should minimize the use of technical jargon from their subfield in order to increase the accessibility of their paper and appeal to a wider readership. If technical terms are necessary, authors should define them clearly so that the main ideas are understandable also to readers not working in the same subfield.