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Inventory model with time dependent holding cost, constant demand rate, and shortages under Weibull deterioration.

Authors :
Sharma, M. K.
Singh, Satya Jeet
Srivastava, V. K.
Kumar, Mukesh
Kumar, Sandeep
Source :
AIP Conference Proceedings. 11/8/2022, Vol. 2481 Issue 1, p1-7. 7p.
Publication Year :
2022

Abstract

In the current study, we developed an inventory model for the progress of any business organization. The important task of the account managers is determining an inventory optimization policy. We focus on an inventory optimization approach to support business organizations. We observe an available deteriorating items inventory model in which the demand rate is constant holding cost is time-dependent. Shortages are allowed and partially backlogged. Also validate the developed model by a numerical example and discussed the sensitivity analysis. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
0094243X
Volume :
2481
Issue :
1
Database :
Academic Search Index
Journal :
AIP Conference Proceedings
Publication Type :
Conference
Accession number :
160090474
Full Text :
https://doi.org/10.1063/5.0103855