Two Warehouse Inventory Model with Quadratic Demand and Permissible Delay in Payments
Keywords:
Two-Warehouse model, Quadratic demand, permissible delay.Abstract
Based on two-warehouse model, Considering an Own Warehouse (OW) with capacity of N units and Rented Warehouse (RW) with capacity of Q units. In this model we have a Quadratic demand and also giving a permissible delay in payments which will helps the retailers to reduce the Total Cost (TC), which is our ultimate aim of this paper. A numerical example is illustrated to verify this model.