An Inventory Model based on Manufacturer-Direct Business Model with the help of E-Commerce Trading Strategies
I. Antonitte Vinoline1, W. Ritha2, J. Merline Vinotha3, Nivetha Martin4
1I. Antonitte Vinoline, Department of Mathematics, Holy Cross College, Tiruchirapalli, Tamil Nadu, India.
2W. Ritha, Department of Mathematics, Holy Cross College,Tiruchirapalli, Tamil Nadu, India.
3J. Merline Vinotha, Department of Mathematics, Holy Cross College, Tiruchirapalli, Tamil Nadu, India.
4Nivetha Martin, Department of Mathematics, Arul Anandar College, Karumathur, Madurai, Tamil Nadu, India.
Manuscript received on 08 April 2019 | Revised Manuscript received on 15 April 2019 | Manuscript Published on 26 July 2019 | PP: 507-512 | Volume-8 Issue-6S4 April 2019 | Retrieval Number: F11060486S419/19©BEIESP | DOI: 10.35940/ijitee.F1106.0486S419
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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: The significance of inventory management partake in the rapid growth and development of all organizations. Inventories impacts sales and revenues, customer relations, production and operation costs etc. On the other hand, online shopping became a trendy choice among the web-users, they can buy any product either through online market places or over web stores. The main intention of this paper is to develop an inventory model based on ‘Manufacturer-direct’ business model with the help of e-commerce trading strategies. Also this proposed model considered the process of recycling and disposal of deteriorating items over 3R approach . In order to maximize the profits and to minimize the waste generation, this model provides optimum values. Numerical examples are illustrated to validate the model.
Keywords: Inventory Model, Online Shopping, E-Commerce.
Scope of the Article: Cryptography and Applied Mathematics