An optimal policy for a deteriorating item with generalised deterioration rate and time-dependent demand under permissible delay in payment
by Trailokyanath Singh; Hadibandhu Pattanayak
International Journal of Data Science (IJDS), Vol. 2, No. 2, 2017

Abstract: The main objective of this paper is to develop an economic order quantity (EOQ) inventory model with the following characteristics: 1) deteriorating items follow a generalised Weibull distribution deterioration rate; 2) no shortage is allowed and (3) delay in payment is permitted. The results have been validated with the help of a numerical example. Sensitivity analysis of the optimal solution with respect to the parameters of the model is performed.

Online publication date: Mon, 26-Jun-2017

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 Data Science (IJDS):
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