Analytical Study of Deterministic Inventory Model with Consideration of Biquadratic Demand Rate and Weibull Distribution as Deterioration Rate
Author(s):
SUMAN, VinodKumar
Keywords:
Deterioration, Biquadratic demand, Shortages, Total inventory cost, Weibull distribution.
Abstract
This work investigates an inventory model for decomposing items or products with a biquadratic demand over time and uses Weibull distribution as deterioration rate. Shortages are permissible in the model. It also demonstrates that the biquadratic demand function is convex and provides the best solution. The convexity of this model is demonstrated via a three-dimensional graphical representation. To double-check the model, an illustration is made. The ideal solution has been subjected to a sensitivity analysis concerning main parameters, and the results have been presented.
Article Details
Unique Paper ID: 156693

Publication Volume & Issue: Volume 9, Issue 4

Page(s): 642 - 651
Article Preview & Download


Share This Article

Conference Alert

NCSST-2021

AICTE Sponsored National Conference on Smart Systems and Technologies

Last Date: 25th November 2021

SWEC- Management

LATEST INNOVATION’S AND FUTURE TRENDS IN MANAGEMENT

Last Date: 7th November 2021

Go To Issue



Call For Paper

Volume 10 Issue 1

Last Date for paper submitting for March Issue is 25 June 2023

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews

Contact Details

Telephone:6351679790
Email: editor@ijirt.org
Website: ijirt.org

Policies