International Journal of Scientific and Research Publications

IJSRP, Volume 5, Issue 6, June 2015 Edition [ISSN 2250-3153]


Inventory Models with Weibull Deterioration and Time-Varying Holding Cost
      Ritu Raj, Naresh Kumar Kaliraman, Dr Shalini Chandra, Dr Harish Chaudhary
Abstract: This paper develops inventory models for deteriorating item; the rate of deterioration is Weibull distribution deterioration with two parameters. It considers ramp-type demand. Shortage is allowed and it is completely backlogged. In these models, we consider time dependent holding cost. These models are developed under two different replenishment policies; (i) without shortage (ii) with shortage. The aim of these models is to find the optimal solution for minimizing the total inventory costs for both the above mentioned policies. To optimize the models numerical illustrations have been carried out and sensitivity analysis occurred to evaluate the result of parameters on assessment variables and the entire cost of these models.

Reference this Research Paper (copy & paste below code):

Ritu Raj, Naresh Kumar Kaliraman, Dr Shalini Chandra, Dr Harish Chaudhary (2018); Inventory Models with Weibull Deterioration and Time-Varying Holding Cost; Int J Sci Res Publ 5(6) (ISSN: 2250-3153). http://www.ijsrp.org/research-paper-0615.php?rp=P424197
©️ Copyright 2011-2022 IJSRP - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.