AN INVENTORY DETERMINISTIC MODEL FOR DETERIORATING ITEMS WITH PRICE DEPENDENT STOCHASTIC DEMAND AND TIME-VARYING HOLDING COST

  • Unique Paper ID: 204486
  • Volume: 13
  • Issue: 1
  • PageNo: 2415-2421
  • Abstract:
  • The paper deals with an inventory model for deteriorating items in which the rate of deterioration follows a two-parameter Weibull distribution. The demand rate is assumed to be linearly dependent on to price with a stochastic error and the inventory holding cost varies with time. Shortages in inventory are allowed to occur and are completely backlogged. The optimal results are derived for a numerical example. The sensitivity analysis is performed to examine the effects of changes in the values of the key parameters involved in the model.

Copyright & License

Copyright © 2026 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{204486,
        author = {SWAGAT TRIPATHI and DHRUB KUMAR SINGH},
        title = {AN INVENTORY DETERMINISTIC MODEL FOR DETERIORATING ITEMS WITH PRICE DEPENDENT STOCHASTIC DEMAND AND TIME-VARYING HOLDING COST},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {1},
        pages = {2415-2421},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=204486},
        abstract = {The paper deals with an inventory model for deteriorating items in which the rate of deterioration follows a two-parameter Weibull distribution. The demand rate is assumed to be linearly dependent on to price with a stochastic error and the inventory holding cost varies with time. Shortages in inventory are allowed to occur and are completely backlogged. The optimal results are derived for a numerical example. The sensitivity analysis is performed to examine the effects of changes in the values of the key parameters involved in the model.},
        keywords = {Inventory, deteriorating items, shortage, price-dependent stochastic demand, time varying holding cost.},
        month = {June},
        }

Cite This Article

TRIPATHI, S., & SINGH, D. K. (2026). AN INVENTORY DETERMINISTIC MODEL FOR DETERIORATING ITEMS WITH PRICE DEPENDENT STOCHASTIC DEMAND AND TIME-VARYING HOLDING COST. International Journal of Innovative Research in Technology (IJIRT), 13(1), 2415–2421.

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