EOQ model for items with Weibull distribution deterioration, shortages and trended demand

Arun Kumar Jalan · Kripasindhu S. Chaudhuri

88 citations0/0 files storedInternational Journal of Systems Science

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Supply Chain and Inventory Management Reliability and Maintenance Optimization Sustainable Supply Chain Management

Abstract

The present paper deals with an inventory model for deteriorating items with instantaneous supply, linearly increasing demand and shortages in inventory. A two-parameter Weibull distribution is taken to represent the time to deterioration. A theory is developed to obtain the optimal solution of the problem; it is then illustrated with the help of a numerical example. The sensitivity of the optimal solution towards changes in the values of different system parameters is also studied

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References

2017Journal of Industrial Engineering 1982Perishable Inventory Theory: A Review 1991Survey of Literature on Continuously Deteriorating Inventory Models 1981(T, Si) Policy Inventory Model for Deteriorating Items with Time Proportional Demand 1975Optimum production lot size model for a system with deteriorating inventory 1989Replenishment Schedule for Deteriorating Items with Time-Proportional Demand

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