A Deterministic Inventory Model For Weibull Deteriorating Items with Selling Price Dependent Demand And Parabolic Time Varying Holding Cost
Vipin Kumar1, Anupama Sharma2, C.B.Gupta3
1Vipin Kumar, Dept. of Mathematics BKBIET, Pilani.
2Anupama Sharma, Research Scholar Mewar University, Rajasthan, India.
3C.B. Gupta, Dept. of Mathematics BITS, Pilani
Manuscript received on February 17, 2015. | Revised Manuscript received on February 29, 2015. | Manuscript published on March 05, 2015. | PP: 52-59 | Volume-5 Issue-1, March 2015. | Retrieval Number: A2496035115/2015©BEIESP
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©The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/
Abstract: This paper with development of an inventory model when deterioration rate follows Weibull two way parameter distributions. It is assumed that demand rate is function of selling price and holding cost is parabolic in terms of time. In this models both the cases with shortage and without shortage are taken into consideration. Whenever shortage allowed is completely backlogged. To illustrate the result numerical examples are given .the sensitive analysis for the model has been performed to study the effect of changes the value of parameters associated with the model. Mathematics Subject Classification: – 90B05
Keywords: EOQ model, deteriorating items, Weibull distribution, shortage, price dependent demand, parabolic holding cost.