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An Inventory Model with Power Demand Pattern, Weibull Distribution Deterioration and without Shortages
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An Inventory Model with Power Demand Pattern, Weibull Distribution Deterioration and without Shortages

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Abstract:

An inventory problem can be solved by using several methods starting from trial and error methods to mathematical and simulation methods. Mathematical methods help in deriving certain rule and which may suggest how to minimize the total inventory cost in case of deterministic demand. Here an attempt has been made for obtaining a deterministic inventory model for power demand pattern incorporating two-parameter Weibull distribution deterioration and without shortages.

Info:

Periodical:
The Bulletin of Society for Mathematical Services and Standards (Volume 2)
Pages:
33-37
DOI:
https://doi.org/10.18052/www.scipress.com/BSMaSS.2.33
Citation:
R. B. Krishnaraj and K. Ramasamy, "An Inventory Model with Power Demand Pattern, Weibull Distribution Deterioration and without Shortages", The Bulletin of Society for Mathematical Services and Standards, Vol. 2, pp. 33-37, 2012
Online since:
June 2012
Authors:
R. Babu Krishnaraj, K. Ramasamy
Keywords:
Deterioration, EOQ, Power Demand Pattern
Export:
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Distribution:
Open Access

Creative Commons License
This work is licensed under a
Creative Commons Attribution 4.0 International License

References:

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Chakraborty, T., Giri, B.C. and Chaudhuri, K.S.: An EOQ model for items with Weibull distribution deterioration, shortage and trended demand, Computers and Operations Research, 25 (1998), pp.649-657.

Datta, T.K. and Pal, A.K.: Order level inventory system with power demand pattern for items with variable rate of deterioration, Indian J. Pure Appl. Math, 19(11), (1998), pp.1043-1053.

Gupta, P.N. and Jauhari, R. : An EOQ model for deteriorating items with power demand pattern subject to permissible delay in payments, Ganita Sandesh, 9(2), (1995), pp.65-71.

Jalan, A.K., Giri, R.R. and Chaudhuri, K.S.: EOQ model for items with Weibull distribution deterioration, shortage and trended demand, Intyernational J. of System Sciences, 27 (1996).

Jalan, A.K., Giri, R.R. and Chaudhuri, K.S. : EOQ model for items with Weibull distribution deterioration, shortage and ramp type demand, Recent development in O.R., Narosa Pub. House, New Delhi (2001).

Sanjay Jain and Mukesh Kumar: An Inventory model with power demand pattern, weibull distribution Deterioration and shortages, Journal of Indian Acad., Math, Vol. 30. No. 1 (2008), pp.58-61.

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Cited By:

[1] L. Cárdenas-Barrón, B. Mandal, J. Sicilia, L. San-José, B. Abdul-Jalbar, "Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern", Computers & Operations Research, p. 105339, 2021

DOI: https://doi.org/10.1016/j.cor.2021.105339

[2] L. Cárdenas-Barrón, B. Mandal, J. Sicilia, L. San-José, B. Abdul-Jalbar, "Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern", Computers & Operations Research, Vol. 133, p. 105339, 2021

DOI: https://doi.org/10.1016/j.cor.2021.105339

[3] L. Cárdenas-Barrón, B. Mandal, J. Sicilia, L. San-José, B. Abdul-Jalbar, "Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern", Computers & Operations Research, Vol. 133, p. 105339, 2021

DOI: https://doi.org/10.1016/j.cor.2021.105339