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12 citations0/0 files storedElectronic journal of applied statistical analysis

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Supply Chain and Inventory Management Reliability and Maintenance Optimization Optimization and Mathematical Programming

Abstract

A continuous order-level inventory model is developed for deteriorating items with a ramp type demand function of time. A two parameter Weibull distribution is taken to represent the time to deterioration. The model is solved analytically by enumerating two possible shortage models to obtain the optimal solution of the problem. The method is illustrated by two numerical examples and sensitivity analysis of the optimal solutions with respect to the parameters of the system are carried out.

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References

1982Perishable Inventory Theory: A Review 1973An EOQ Model for Items with Weibull Distribution Deterioration 1991Survey of Literature on Continuously Deteriorating Inventory Models 1977Inventory Replenishment Policy for a Linear Trend in Demand—An Analytical Solution 1981(T, Si) Policy Inventory Model for Deteriorating Items with Time Proportional Demand 1975Optimum production lot size model for a system with deteriorating inventory 1974A Generalized EOQ Model for Items with Weibull Distribution Deterioration 1995A deterministic lot-size inventory model for deteriorating items with shortages and a declining market

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