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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
An Inventory Model for Cubic Deteriorating Items Carry Forward with Weibull Demand and Without Shortages
This paper presents an inventory model for deteriorating items with a uniform replenishment rate with Weibull demand and without shortages. The deterioration rate is a cubic polynomial as a function of time. The purpose of this paper is to minimize the total cost in which deficits are not allowed. A numerical example is presented to illustrate the model. The sensitivity analysis of the optimal solution concerning various parameters is also studied the total optimal average variable inventory cost as the model's actual performance.
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Author:Chandan Kumar Sahoo1*, Kailash Chandra Paul2
Abstract:This paper presents an inventory model for deteriorating items with a uniform replenishment rate with Weibull demand and without shortages. The deterioration rate is a cubic polynomial as a function of time. The purpose of this paper is to minimize the total cost in which deficits are not allowed. A numerical example is presented to illustrate the model. The sensitivity analysis of the optimal solution concerning various parameters is also studied the total optimal average variable inventory cost as the model's actual performance.
Keywords:Key Words: Weibull Demand, Cubic Deterioration, Shortages, Deteriorating Items.
DOI:10.46333/ijtc/10/1/14
International Journal of Trade & Commerce (Vol: 10 Issue:1)
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