LogForum

>Scientific Journal of Logistics<

Język polski English Deutch sprache

Issue 1/ 2014, article 7

Authors: Lalit Mohan Pradhan, Chaitanya Kumar Tripathy

Title: AN EOQ MODEL FOR WEIBULL DETERIORATING ITEM WITH RAMP TYPE DEMAND AND SALVAGE VALUE UNDER TRADE CREDIT SYSTEM

Keywords: EOQ, Weibull deterioration, ramp type demand, salvage value, trade credit

Abstract:

Background: In the present competitive business scenario researchers have developed various inventory models for deteriorating items considering various practical situations for better inventory control. Permissible delay in payments with various demands and deteriorations is considerably a new concept introduced in developing various inventory models. These models are very useful for both the consumers and the manufacturer.

Methods: In the present work an inventory model has been developed for a three parameter Weibull deteriorating item with ramp type demand and salvage value under trade credit system. Here we have considered a single item for developing the model.

Results and conclusion: Optimal order quantity, optimal cycle time and total variable cost during a cycle have been derived for the proposed inventory model. The results obtained in this paper have been illustrated with the help of numerical examples and sensitivity analysis. 

 

Full text available in in english in format: Adobe Acrobat pdf article nr 7 - pdf

Streszczenie w jezyku polskim Streszczenie w jezyku polskim.

Zusammenfassung in Deutsch Zusammenfassung in Deutsch.

For citation:

MLA Pradhan, Lalit Mohan, and Chaitanya Kumar Tripathy. "An eoq model for weibull deteriorating item with ramp type demand and salvage value under trade credit system." Logforum 10.1 (2014): 7.
APA Lalit Mohan Pradhan1, Chaitanya Kumar Tripathy2 (2014). An eoq model for weibull deteriorating item with ramp type demand and salvage value under trade credit system. Logforum 10 (1), 7.
ISO 690 PRADHAN, Lalit Mohan, TRIPATHY, Chaitanya Kumar. An eoq model for weibull deteriorating item with ramp type demand and salvage value under trade credit system. Logforum, 2014, 10.1: 7.
EndNote BibTeX RefMan
© Wyższa Szkoła Logistyki, ul.E.Estkowskiego 6, 61-755 Poznań, tel. 061 850 47 81, fax. 061 850 47 89