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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:
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:
Jun 2012
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References:

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