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@article{171122, author = {Dr. Biswaranjan Mandal}, title = {An EOQ Model for Weibull Distributed Deteriorating Items With Stochastic Ram type Demand and shortages}, journal = {International Journal of Innovative Research in Technology}, year = {2024}, volume = {11}, number = {7}, pages = {2936-2943}, issn = {2349-6002}, url = {https://ijirt.org/article?manuscript=171122}, abstract = {In the present paper, we discussed an EOQ (Economic Order Quality) model for deteriorating items with stochastic demand in which shortages are allowed with fully backlogged. Here rate of deterioration follows a two-parameter Weibull (Swedish engineer Wallodi Weibull) distribution. The demand pattern is assumed to be ramp type demand rate on to time with a stochastic error. The model is minimized to the total average cost by finding optimal values. The developed model is illustrated by a numerical example and finally the sensitivity analysis for the optimal solutions towards the changes in the values of key parameters has been presented.}, keywords = {EOQ model, Weibull deteriorating items, ramp type demand and shortages.}, month = {December}, }
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