An Inventory Model for Time Varying Holding Cost and Weibull Distribution for Deterioration with Fully Backlogged Shortages

Sunil V. Kawale; Pravin B. Bansode

doi:https://doi.org/10.14445/22315373/IJMTT-V4I10P2

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 4 | Issue 10 | Year 2013 | Article Id. IJMTT-V4I10P2 | DOI : https://doi.org/10.14445/22315373/IJMTT-V4I10P2

An Inventory Model for Time Varying Holding Cost and Weibull Distribution for Deterioration with Fully Backlogged Shortages

Sunil V. Kawale , Pravin B. Bansode

Abstract

To find optimum order quantity deterioration plays crucial role in inventory management therefore handling of deterioration is in highlight and attracted of many researchers. In this model Economic Production Problem under time varying holding cost, demand is constant, price discount is offered for deteriorated items, deterioration rate is considered as Weibull distribution and shortages are permitted and kept fully backlogging. The model is supported by numerical example.

Keywords

EPQ model, Deteriorating product, Shortage, Fully backlogging, Time varying holding cost, Weibull distribution.

References

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Citation :

Sunil V. Kawale , Pravin B. Bansode, "An Inventory Model for Time Varying Holding Cost and Weibull Distribution for Deterioration with Fully Backlogged Shortages," International Journal of Mathematics Trends and Technology (IJMTT), vol. 4, no. 10, pp. 201-206, 2013. Crossref, https://doi.org/10.14445/22315373/IJMTT-V4I10P2