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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 |
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Bangladesh Journals Online (JOL)
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author_facet |
Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. |
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author |
Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. |
spellingShingle |
Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. Journal of Scientific Research An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand General Medicine |
author_sort |
begum, r. |
spelling |
Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. 2070-0245 2070-0237 Bangladesh Journals Online (JOL) General Medicine http://dx.doi.org/10.3329/jsr.v2i1.2764 <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> An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand Journal of Scientific Research |
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title |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_unstemmed |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_full |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_fullStr |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_full_unstemmed |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_short |
An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_sort |
an eoq model for varying items with weibull distribution deterioration and price-dependent demand |
topic |
General Medicine |
url |
http://dx.doi.org/10.3329/jsr.v2i1.2764 |
publishDate |
2009 |
physical |
24-36 |
description |
<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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author | Begum, R., Sahoo, R. R., Sahu, S. K., Mishra, M. |
author_facet | Begum, R., Sahoo, R. R., Sahu, S. K., Mishra, M., Begum, R., Sahoo, R. R., Sahu, S. K., Mishra, M. |
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description | <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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spelling | Begum, R. Sahoo, R. R. Sahu, S. K. Mishra, M. 2070-0245 2070-0237 Bangladesh Journals Online (JOL) General Medicine http://dx.doi.org/10.3329/jsr.v2i1.2764 <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> An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand Journal of Scientific Research |
spellingShingle | Begum, R., Sahoo, R. R., Sahu, S. K., Mishra, M., Journal of Scientific Research, An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand, General Medicine |
title | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_full | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_fullStr | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_full_unstemmed | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_short | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
title_sort | an eoq model for varying items with weibull distribution deterioration and price-dependent demand |
title_unstemmed | An EOQ Model for Varying Items with Weibull Distribution Deterioration and Price-dependent Demand |
topic | General Medicine |
url | http://dx.doi.org/10.3329/jsr.v2i1.2764 |