The present study, formulates a multi-echelon supply chain network with a single producer, multi-distributors and multi-retailers for a deteriorating inventory during a finite planning horizon. The inventory levels of the producer and the distributors are assumed to be decreasing by discrete amounts instead of a continuous decrease as assumed in most of the literature available. This discreteness is an application of real life situation where the stocks deplete by discrete amounts and not continuously. The stock is assumed to undergo deterioration as soon as it is produced. The production rate has been specified as demand dependent to take into consideration the market forces also. The whole study has been done in an inflationary environment to impart economic feasibility to the model.
|Number of pages||28|
|Journal||ICFAI Journal of Operations Management|
|Issue number||1 and 2|
|Publication status||Published - 2010|