EOQ inventory model for items with Weibull distribution deterioration, time-varying demand and partial backlogging

Kun‐Shan Wu

38 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 paper presents an EOQ inventory model that is depleted not only by time-varying demand but also by Weibull distribution deterioration, in which shortages are allowed and partially backordered. The backlogging rate is variable and dependent on the waiting time for the next replenishment. Further, the optimal procedure was independent of the form of the demand rate. It is then illustrated with the help of four numerical examples. The sensitivity analysis is also studied.

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References

2017Journal of Industrial Engineering 1973An EOQ Model for Items with Weibull Distribution Deterioration 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 1995A deterministic lot-size inventory model for deteriorating items with shortages and a declining market 1995An EOQ Model for Deteriorating Items with Linear Time-dependent Demand Rate and Shortages under Inflation and Time Discounting 1984On (T, Si) Policy Inventory Model for Deteriorating Items with Time Proportional Demand 1983Inventory replenishment policies for deteriorating items in a declining market

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2010Economic production quantity models for deteriorating items with ramp type demand 2005Effects of joint replenishment and channel coordination for managing multiple deteriorating products in a supply chain 2022Selling price, time dependent demand and variable holding cost inventory model with two storage facilities 2014Inventory control with deteriorating items: A state-of-the-art literature review

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