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An Inventory Model for Time Dependent Weibull Deterioration with Partial Backlogging

DOI: 10.5923/j.ajor.20120202.02

Keywords: Inventory Model, Deterioration, Deterministic Demand, Partial Backlogging

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Abstract:

This paper deals with developing an inventory model for Weibull deterioration with two parameters. Here shortages are allowed and are partially backlogged. We have derived the optimal order quantity by minimizing the total inventory cost. To illustrate the model a numerical example has been provided and sensitivity analysis has also been carried out to study the effect of parameters on decision variables and the total cost of an inventory of this model.

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