TWO-WAREHOUSE INVENTORY MODEL FOR DETERIORATING ITEMS WITH AGENERALIZED EXPONENTIAL INCREASING DEMAND AND PARTIALBACKLOGGING UNDER INFLATION USING BACTERIAL FORAGINGOPTIMIZATION

Authors

  • Garima Sethi, Ajay Singh Yadav, Chaman Singh Author

Abstract

This paper proposes the application of Bacterial Foraging Optimization (BFO) in the development
of a two-warehouse inventory model for deteriorating items with a demand rate characterized as a
generalized exponential function of time. The model aims to address practical shortages in daily
supply chain scenarios, incorporating backlogging to enhance its real-world relevance. To account
for economic factors, an inflation factor is introduced. Leveraging BFO, a cost minimization
technique is employed to derive expressions for total cost. The effectiveness of the model is
demonstrated through a numerical example, and graphical representations of various parameters
provide a visual validation of the results. The integration of BFO in this inventory optimization
model showcases its potential for solving complex real-world problems in supply chain
management.

Keywords: - Two-Warehouse, inventory model, Generalized Exponential Increasing Demand,
Partial Backlogging and inflation. 

Downloads

Published

2024-02-09

Issue

Section

Articles

How to Cite

TWO-WAREHOUSE INVENTORY MODEL FOR DETERIORATING ITEMS WITH AGENERALIZED EXPONENTIAL INCREASING DEMAND AND PARTIALBACKLOGGING UNDER INFLATION USING BACTERIAL FORAGINGOPTIMIZATION. (2024). Journal of Research Administration, 6(1). https://journalra.org/index.php/jra/article/view/1405