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INTERNATIONAL JOURNAL OF CREATIVE RESEARCH THOUGHTS - IJCRT (IJCRT.ORG)
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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
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Paper Title
TWO-GODOWN INVENTORY MODEL FOR DETERIORATING ITEMS USING MULTI-OBJECTIVE GENETIC ALGORITHM
Authors
Veenita Sharma, A.B. Chandramouli, Dr. Ajay Singh Yadav
Keywords
Keywords:- Inventory model, owned godown, rented godown, deteriorating items and Genetic Algorithm
Abstract
In this chapter a deterministic inventory model has been developed for deteriorating items having a ramp type demand with the effects of inflation with two-storage facilities using Genetic Algorithm. The owned godown (OG) has a fixed capacity of W units; the rented godown (RG) has unlimited capacity using Genetic Algorithm. Here, we assumed that the inventory holding cost in RG is higher than those in OWG. Shortages in inventory are allowed and partially backlogged and it is assumed that the inventory deteriorates over time at a variable deterioration rate using Genetic Algorithm. The effect of inflation has also been considered for various costs associated with the inventory system. Numerical example is also used to study the behaviour of the model using Genetic Algorithm. Cost minimization technique is used to get the expressions for total cost and other parameters using Genetic Algorithm.
IJCRT's Publication Details
Unique Identification Number - IJCRT2105375
Paper ID - 207072
Page Number(s) - d361-d379
Pubished in - Volume 9 | Issue 5 | May 2021
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Veenita Sharma, A.B. Chandramouli, Dr. Ajay Singh Yadav, "TWO-GODOWN INVENTORY MODEL FOR DETERIORATING ITEMS USING MULTI-OBJECTIVE GENETIC ALGORITHM", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.9, Issue 5, pp.d361-d379, May 2021, Available at :http://www.ijcrt.org/papers/IJCRT2105375.pdf
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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