Seller – Buyer Supply Chain System For Deteriorating Products Involving Floor Space Constraint And Budget Constraint
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Abstract
An inventory model is developed for a seller -buyer with the supply chain system for deteriorating products. The core objective of the review is reducing the system cost while optimizing the order size and also satisfying the constraints. For this, a Lagrangian multiplier procedure was applied to tackle this sort of non-linear programming mathematical model. This model is illustrated through a numerical example which is easy to computational and took less time too. Further, sensitivity analysis utilized to illustrate the behaviors of developed model.
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