An EOQ Model for Weibull Distributed Deteriorating Items With Stochastic Ram type Demand and shortages

  • Unique Paper ID: 171122
  • Volume: 11
  • Issue: 7
  • PageNo: 2936-2943
  • 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.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@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},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 7
  • PageNo: 2936-2943

An EOQ Model for Weibull Distributed Deteriorating Items With Stochastic Ram type Demand and shortages

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