| Article ID: | iaor19991589 |
| Country: | United Kingdom |
| Volume: | 25 |
| Issue: | 7/8 |
| Start Page Number: | 649 |
| End Page Number: | 657 |
| Publication Date: | Jul 1998 |
| Journal: | Computers and Operations Research |
| Authors: | Chaudhuri K.S., Giri B.C., Chakrabarty T. |
| Keywords: | economic order, deteriorating items |
This paper presents an inventory model for deteriorating items with instantaneous supply, linearly increasing demand and shortages in inventory. A three-parameter Weibull distribution is used to represent the distribution of the time to deterioration. The theory for finding the optimal solution of the problem is developed. Two numerical examples are then taken to illustate the solution procedure.