An EOQ model with power demand, generalized Weibull distributed deterioration and shortages
1Department of Engineering Mathematics LNCT ,Bhopal (India)
2 Department of Mathematical Sciences &computer Application Bundelkhand University Jhansi (India)
Email sumit _samy83@rediffmail.com
In this paper an EOQ inventory model is developed in which inventory is depleted not only by demand, but also by deterioration. The Weibull distribution, which is capable of representing constant, increasing and decreasing rates of deterioration, is used to represent the distribution of the time to deterioration. Hence, we drive an EOQ model for inventory of item that deteriorates at a generalized Weibull distributed rate, assuming the demand rate with a power function of time. Finally a numerical example is provided to assess the solution procedure for the inventory model
Copy the following to cite this article:
S.P. Singh1 and V.K. Sehgal2, "An EOQ model with power demand, generalized Weibull distributed deterioration and shortages ", Journal of Ultra Scientist of Physical Sciences, Volume 23, Issue 1, Page Number , 2016Copy the following to cite this URL:
S.P. Singh1 and V.K. Sehgal2, "An EOQ model with power demand, generalized Weibull distributed deterioration and shortages ", Journal of Ultra Scientist of Physical Sciences, Volume 23, Issue 1, Page Number , 2016Available from: http://ultraphysicalsciences.org/paper/581/
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