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Impact of cost of substitution and joint replenishment on inventory decisions for joint substitutable and complementary items under asymmetrical substitution

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Impact of cost of substitution and joint replenishment on inventory decisions for joint substitutable and complementary items under asymmetrical substitution

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dc.contributor.author Mishra, Rajesh Kumar es_ES
dc.contributor.author Mishra, Vinod Kumar es_ES
dc.date.accessioned 2021-01-21T09:04:53Z
dc.date.available 2021-01-21T09:04:53Z
dc.date.issued 2020-12-18
dc.identifier.uri http://hdl.handle.net/10251/159655
dc.description.abstract [EN] In this paper, impact of cost of substitution and joint replenishment on inventory decisions for joint substitutable and complementary items under asymmetrical substitution has been studied. The phenomenon of substitution is considered in a stock-out situation and when items become out of stock due to demand then unfulfilled demand is asymmetrically substituted by another item. We formulate the inventory model mathematically and derived optimal ordering quantities, optimal total costs and extreme value of substitution rate for all possible cases. Moreover, pseudo-convexity of the total inventory cost function is obtained and the solution procedure is provided. Numerical example and sensitivity analysis have been presented to validate the effectiveness of the inventory model and substantial improvement in total optimal inventory cost with substitution with respect to optimal total inventory cost without substitution is seen. es_ES
dc.language Inglés es_ES
dc.publisher Universitat Politècnica de València es_ES
dc.relation.ispartof WPOM-Working Papers on Operations Management es_ES
dc.rights Reconocimiento (by) es_ES
dc.subject Inventory decisions es_ES
dc.subject Cost of substitution es_ES
dc.subject Joint replenishment es_ES
dc.subject Substitutable items es_ES
dc.subject Complementary items es_ES
dc.subject Asymmetrical substitution es_ES
dc.title Impact of cost of substitution and joint replenishment on inventory decisions for joint substitutable and complementary items under asymmetrical substitution es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.4995/wpom.v11i2.13730
dc.rights.accessRights Abierto es_ES
dc.description.bibliographicCitation Mishra, RK.; Mishra, VK. (2020). Impact of cost of substitution and joint replenishment on inventory decisions for joint substitutable and complementary items under asymmetrical substitution. WPOM-Working Papers on Operations Management. 11(2):1-26. https://doi.org/10.4995/wpom.v11i2.13730 es_ES
dc.description.accrualMethod OJS es_ES
dc.relation.publisherversion https://doi.org/10.4995/wpom.v11i2.13730 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 26 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 11 es_ES
dc.description.issue 2 es_ES
dc.identifier.eissn 1989-9068
dc.relation.pasarela OJS\13730 es_ES
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