The paper presents an EOQ inventory model that is depleted not only by time-varying demand but also by Weibull distribution deterioration, in which shortages are allowed and partially backordered. The backlogging rate is variable and dependent on the waiting time for the next replenishment. Further, the optimal procedure was independent of the form of the demand rate. It is then illustrated with the help of four numerical examples. The sensitivity analysis is also studied.
International Journal of Systems Science
Volume 33, 2002 - Issue 5
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Related Research Data
Optimal pricing and replenishment policy for a deteriorating item in a two-echelon supply chain
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