An EOQ model with time dependent Weibull deterioration and ramp type demand

C. K. Tripathy · Umakanta Mishra

14 citations0/0 files storedInternational Journal of Industrial Engineering Computations

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

Abstract

This paper presents an order level inventory system with time dependent Weibull deterioration and ramp type demand rate where production and demand are time dependent. The proposed model of this paper considers economic order quantity under two different cases. The implementation of the proposed model is illustrated using some numerical examples. Sensitivity analysis is performed to show the effect of changes in the parameters on the optimum solution.

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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 1975Optimum production lot size model for a system with deteriorating inventory 1995A deterministic lot-size inventory model for deteriorating items with shortages and a declining market 1998An EOQ model for items with Weibull distribution deterioration, shortages and trended demand: An extension of Philip's model 1991An EOQ Model for Deteriorating Items with Shortages and a Linear Trend in Demand

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