Supply Chain Inventory Model For Deteriorating Item With Warehouse & Distribution Centres Under Inflation
Ajay Singh Yadav1, Kapil Kumar Bansal2, Jitendra Kumar3, Sachin Kumar4
1Ajay Singh Yadav, Assistant Professor, Department of Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus, Ghaziabad (U.P), India.
2Kapil Kumar Bansal, Associate Professor, Department of Mathematics, SRM Institute of Science and Technology, Delhi-NCR Campus, Ghaziabad (U.P), India.
3Jitendra Kumar, Assistant Professor, Department of Mathematics, Swami Vivekanand Subharti University, Meerut (U.P), India.
4Sachin Kumar, Research Scholar, Department of Mathematics, Research Scholar, Mewar University, Chittorgarh (Rajasthan), India.
Manuscript received on 10 January 2019 | Revised Manuscript received on 20 January 2019 | Manuscript Published on 30 January 2019 | PP: 7-13 | Volume-8 Issue-2S2, January 2019 | Retrieval Number: 100.1/ijeat.B10020182S219/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Inventory of Chemical Industry model is a method of balancing investment to achieve the service-level goal. Here consider Warehouse of Chemical Industry and Distribution centres of Inventory of Chemical Industry models. One is of finite capacity treated as Distribution centres of Chemical Industry which is at market place and other warehouse is of infinite capacity treated as Warehouse which is at some other place from the market PSO Algorithm and SA. Here the objective is to minimize the total cost .In this work Particle swarm optimization Algorithm and Simulated Annealing is used to optimize or to minimize the cost. The results produced from the Particle swarm optimization Algorithm and Simulated Annealing are compared with mathematical model and genetic algorithm. Results show that the PSO Algorithm and SA optimized the results more than traditional mathematical model and PSO Algorithm and SA.
Keywords: Inventory of Chemical Industry, Warehouse of Chemical Industry, Distribution Centres of Chemical Industry, PSO Algorithm and SA.
Scope of the Article: Open Models and Architectures