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Inventory model with time dependent holding cost, constant demand rate, and shortages under Weibull deterioration.
- 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]
- Subjects :
- *INVENTORIES
*BUSINESS enterprises
*SCARCITY
*SENSITIVITY analysis
*COST
Subjects
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