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IJSTR >> Volume 4 - Issue 1, January 2015 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



An EPQ Inventory Model For Deteriorating Items With Weibull Deterioration Under Stock Dependent Demand

[Full Text]

 

AUTHOR(S)

N. K. Kaliraman, R. Raj, S. Chandra, H. Chaudhry

 

KEYWORDS

Keywords: Deteriorating Items, EPQ Model, Stock Dependent Demand, Weibull Deterioration

 

ABSTRACT

Abstract: This paper develops an economic production quantity inventory model for deteriorating items; the rate of deterioration is Weibull distribution deterioration with two parameters. The rate of demand is stock dependent. Shortages are not allowed. The aim of this study is to find the optimal solution for minimizing the total inventory costs. To optimize the model a numerical illustration has been carried out and a sensitivity analysis occurred to study the result of parameters on assessment variables and the entire cost of this model.

 

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