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

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

0.00 Avg rating0 Votes
Article ID: iaor200547
Country: United States
Volume: 34
Issue: 4
Start Page Number: 237
End Page Number: 243
Publication Date: Mar 2003
Journal: International Journal of Systems Science
Authors: , ,
Keywords: economic order
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.

Reviews

Required fields are marked *. Your email address will not be published.