A STUDY ON CLASS OF INVENTORY MODELS WITH TWO LEVELS OF STORAGE

This book is focused on study of the two levels of inventory models . Various inventory models considering Stock dependent demand with preservation technology Ramp type demand with bulk release Probabilistic demand with uniform distribution having shortages are discussed. This book attempts to find an optimal solutions for each of the models. The book illustrates numerical solutions of the two levels of inventory models under different demand situations for both deterministic and probabilistic. Numerical illustrations and Sensitivity Analysis for each model are done and appropriate discussions based on the sensitive analysis are listed. As an another system named Just-in-Time(JIT) was very prominent in the year 1960 a comparison of EOQ cost with JIT cost is discussed and Indifference point is calculated for probabilistic model.