An inventory model for perishable items with alternating rate of production
by K. Venkata Subbaiah, S.V. Uma Maheswara Rao, K. Srinivasa Rao
International Journal of Advanced Operations Management (IJAOM), Vol. 3, No. 1, 2011

Abstract: In this paper, we develop and analyse an inventory model for perishable items with alternating production rates. Perishability is assumed to be random and follows a three parameter Weibull distribution. The three parameter Weibull distribution includes increasing, decreasing and constant rates of decay. Alternating production rate is more common in practical situations as non-availability of raw materials, power breakdown and market fluctuations etc. affect the production. Optimal operating policies are obtained by using the differential equations. Numerical example is presented to illustrate the model. Sensitivity analysis is also carried out to study the effect of deterioration and cost parameters on optimal policies. This model is much useful in analysing the inventory situation arising at places like chemical industries, food processing industries, etc.

Online publication date: Tue, 30-Sep-2014

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Advanced Operations Management (IJAOM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com