A replenishment policy for items with price-dependent demand, time-proportional deterioration and no shortages

被引:31
作者
Begum, R. [2 ]
Sahoo, R. R. [1 ]
Sahu, S. K. [3 ]
机构
[1] Synergy Inst Technol, Dept Phys, Bhubaneswar 752101, Orissa, India
[2] Padmanava Coll Engn, Dept Math, Rourkela 769002, Orissa, India
[3] Sambalpur Univ, PG Dept Stat, Sambalpur 768048, Orissa, India
关键词
Weibull distribution deterioration; selling price; price-dependent demand; EOQ MODEL; ORDERING POLICY; TRENDED DEMAND; INVENTORY;
D O I
10.1080/00207721.2010.543481
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
In this article, an order-level inventory system for deteriorating items has been developed with demand rate as a function of selling price. The demand and the deterioration rate are price dependent and time proportional, respectively. We have considered a perishable item that follows a three-parameter Weibull distribution deterioration. Shortages are not permitted in our model. The optimal solution is illustrated with a numerical example and the sensitivity analysis of parameters is carried out.
引用
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页码:903 / 910
页数:8
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