Inventory Model with Demand Rate Is 3-Variables Weibull Function Constant Deterioration, Constant Holding Cost and Inflation without Shortages

Amit Kumar vats, Vijay Singh Rajput, Ranjeet Kaur
2016 IOSR Journal of Mathematics  
An inventory model with 3-variable Weibull distribution demand rate and constant deterioration is developed. The holding cost is constant. Shortages are not allowed. The salient feature of this inventory model is for non-perishable products or deteriorating items. A numerical example has been illustrated using MATLAB to describe the model and the sensitivity analysis of various parameters is carried out.
doi:10.9790/5728-1205044652 fatcat:l7c3f2zt6nalhljxxbhc3ehjxu