Price dependent demand model for deterioration and Weibull Amelioration
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Abstract
This paper presents a model of deterministic inventory with amelioration and deterioration. In this model, we
have considered price dependent rate of demand, constant rate of deterioration, and varying holding cost. The
objective of this model is to minimize the total cost. Numerical examples of the result have been given with
sensitivity analysis.
Keywords:
Amelioration, Deterioration, Total costMathematics Subject Classification:
Mathematics- Pages: 583-586
- Date Published: 01-01-2021
- Vol. 9 No. 01 (2021): Malaya Journal of Matematik (MJM)
G.Santhi et.al., EOQ Model for Weibull Ameliorating Items With Constant Deteriorating Items, Time Dependent Demand Rate and Price Discount on Backorders, International Journal of Pure and Applied Mathematics, Volume 117 No. 14 (2017), 63-69
Hwang, H. S., A study on an inventory models for items with Weibull ameliorating Computers Ind. Zengg., 33.(1997) 701-704.
Hwang, H. S., Inventory models for both deteriorating and ameliorating items, Computers Ind. Engg., 37,(1999) 257-260.
M. Valliathal et.al., A study of inflation effects on an eoq model for weibull deteriorating/ameliorating items with ramp type of demand and shortages, Yugoslav Journal of Operations Research, 23, Number 3,(2013) 441-455.
Minakshi Mallick et.al.,Optimal inventory control for ameliorating, deteriorating items under time varying demand condition, Journal of Social Science Research, Vol.3,(2016) No.1,166-174.
P. D. Khatri et.al.,An EPQ Model under Constant Amelioration, Different Deteriorations with Exponential Demand Rate and Completely Backlogged Shortages, International Journal of Scientific Research in Mathematical and Statistical Sciences, Volume-5, April (2018) Issue-2, pp.21-28.
Yusuf I. Gwanda et.al.,Model for both Ameliorating and Deteriorating Items with Exponentially Increasing Demand and Linear Time Dependent Holding Cost, GSJ: Volume 7, January (2019) Issue 1.
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