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An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand
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| Zeitschriftentitel: | Journal of Scientific Research |
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| Personen und Körperschaften: | , , , |
| In: | Journal of Scientific Research, 2, 2009, 1, S. 24-36 |
| Format: | E-Article |
| Sprache: | Unbestimmt |
| veröffentlicht: |
Bangladesh Journals Online (JOL)
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| Schlagwörter: |
| Zusammenfassung: | <jats:p>In this paper, we have developed an instantaneous replenishment policy for deteriorating items with price-dependent demand. The demand and deterioration rates are continuous and differentiable function of price and time respectively. A variable proportion of the items will deteriorate per time, where shortages are permissible and completely backordered. We have developed a policy with price-dependent demand under profit maximization. The net profit per unit time is a concave function. Further, it is illustrated with the help of a numerical example. Keywords: Price-dependent; Weibull distribution; Varying rate of deterioration. © 2010 JSR Publications. ISSN: 2070-0237 (Print); 2070-0245 (Online). All rights reserved. DOI: 10.3329/jsr.v2i1.2764 J. Sci. Res. 2 (1), 24-36 (2010) </jats:p> |
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| Umfang: | 24-36 |
| ISSN: |
2070-0245
2070-0237 |
| DOI: | 10.3329/jsr.v2i1.2764 |