Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages
In this paper, an EOQ inventory model is depleted not only by time varying demand but also by Weibull distribution deterioration, in which the inventory is permitted to start with shortages and end without shortages. A theory is developed to obtain the optimal solution of the problem; it is then ill...
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| Format: | Article |
| Language: | English |
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University of Belgrade
2002-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2002/0354-02430201061W.pdf |
| _version_ | 1818755302050234368 |
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| author | Wu Kun-Shan |
| author_facet | Wu Kun-Shan |
| author_sort | Wu Kun-Shan |
| collection | DOAJ |
| description | In this paper, an EOQ inventory model is depleted not only by time varying demand but also by Weibull distribution deterioration, in which the inventory is permitted to start with shortages and end without shortages. A theory is developed to obtain the optimal solution of the problem; it is then illustrated with the aid of several numerical examples. Moreover, we also assume that the holding cost is a continuous, non-negative and non-decreasing function of time in order to extend the EOQ model. Finally, sensitivity of the optimal solution to changes in the values of different system parameters is also studied. |
| first_indexed | 2024-12-18T05:36:59Z |
| format | Article |
| id | doaj.art-b613ef2e11cd400587276ffdf7707a00 |
| institution | Directory Open Access Journal |
| issn | 0354-0243 1820-743X |
| language | English |
| last_indexed | 2024-12-18T05:36:59Z |
| publishDate | 2002-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj.art-b613ef2e11cd400587276ffdf7707a002022-12-21T21:19:17ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02431820-743X2002-01-01121617210.2298/YJOR0201061WDeterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortagesWu Kun-ShanIn this paper, an EOQ inventory model is depleted not only by time varying demand but also by Weibull distribution deterioration, in which the inventory is permitted to start with shortages and end without shortages. A theory is developed to obtain the optimal solution of the problem; it is then illustrated with the aid of several numerical examples. Moreover, we also assume that the holding cost is a continuous, non-negative and non-decreasing function of time in order to extend the EOQ model. Finally, sensitivity of the optimal solution to changes in the values of different system parameters is also studied.http://www.doiserbia.nb.rs/img/doi/0354-0243/2002/0354-02430201061W.pdfInventorytime-varying demandWeibull distributionshortage. |
| spellingShingle | Wu Kun-Shan Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages Yugoslav Journal of Operations Research Inventory time-varying demand Weibull distribution shortage. |
| title | Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages |
| title_full | Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages |
| title_fullStr | Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages |
| title_full_unstemmed | Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages |
| title_short | Deterministic inventory model for items with Time varying demand, weibull distribution deterioration and shortages |
| title_sort | deterministic inventory model for items with time varying demand weibull distribution deterioration and shortages |
| topic | Inventory time-varying demand Weibull distribution shortage. |
| url | http://www.doiserbia.nb.rs/img/doi/0354-0243/2002/0354-02430201061W.pdf |
| work_keys_str_mv | AT wukunshan deterministicinventorymodelforitemswithtimevaryingdemandweibulldistributiondeteriorationandshortages |