An Inventory Model for Time Varying Holding Cost and Weibull Distribution for Deterioration with Fully Backlogged Shortages
Journal Title: INTERNATIONAL JOURNAL OF MATHEMATICS TRENDS AND TECHNOLOGY - Year 2013, Vol 4, Issue 10
Abstract
To find optimum order quantity deterioration plays crucial role in inventory management therefore handling of deterioration is in highlight and attracted of many researchers. In this model Economic Production P roblem under time varying holding cost, demand is constant, price discount is offered for deteriorated items, deterioration rate is considered as Weibull distribution and shortages are permitted and kept fully backlogging. The model is supported by numer ical example
Authors and Affiliations
Sunil V. Kawale , Pravin B. Bansode
Keywords
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