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An EOQ Model for Generalized Weibull Distribution Deterioration with Selling Price Sensitive Demand and Varying Holding Cost |
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PP: 27-32 |
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doi:10.18576/amisl/050105
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Author(s) |
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Vandana Rai,
B. K. Sharma,
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Abstract |
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| In this paper, we present an inventory model for deteriorating items with non-linear price dependent demand rate. The deterioration rate of the proposed model is assumed as three parameter Weibull distribution deterioration. The demand rate is price sensitive that means considered as a quadratic selling price dependent demand rate. Shortages are allowed. Mathematical formulation with the solution procedure of the introduced model is developed. Some numerical examples are recommended to substantiate the solution procedure. Eventually, the sensitivity analysis of some parameters and conclusion of the proposed model are discussed. |
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