A Periodic Review Inventory Model for Stochastic Demand with Two Storage Facilities

Shah Nitin and Shah Y K

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: In this paper a periodic review probabilistic inventory model for a single item with two storage facilities is developed; one warehouse is owned by the system under consideration (which is referred to as OW) and the other is a rented warehouse (RW). The capacity of OW is W units. Any quantity larger than W is to be kept in RW and are gradually withdraw in batches of K units. The model determines optimum values of lot-size q and k. An example is given to illustrate the results obtained.

Date: 1989-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:wp00914

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