Economic Order Quantity model with Weibull deterioration distribution, shortage and ramp-type demand

Bibhas Chandra Giri · Arun Kumar Jalan · Kripasindhu S. Chaudhuri

150 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

A single-item single-period Economic Order Quantity model for deteriorating items with a ramp-type demand and Weibull deterioration distribution is considered. The shortages in inventory are allowed and backlogged completely. The model is developed over an infinite planning horizon and the optimal replenishment policy is derived by minimizing the total inventory cost per unit time. The numerical solution of the model is obtained, and the sensitivity of the parameters involved in the model is also examined.

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References

2001Recent trends in modeling of deteriorating inventory 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 1975Optimum production lot size model for a system with deteriorating inventory 1974A Generalized EOQ Model for Items with Weibull Distribution Deterioration 1996Optimal EOQ Models for Deteriorating Items with Time-Varying Demand

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