Logforum. 2015. 11(3), article 5, 259-266; DOI: https://doi.org/10.17270/J.LOG.2015.3.5
AN INVENTORY MODEL FOR GENERALIZED WEIBULL DETERIORATING ITEMS WITH PRICE DEPENDENT DEMAND AND PERMISSIBLE DELAY IN PAYMENTS UNDER INFLATION
S.P. Singh1 , Gobind Panda2
1Department of Engineering Mathematics, L.N.C.T, Bhopal, India
2Department of Mathematics, M.I.E.T,BBSR,India
Abstract:
This paper derives an inventory model is developed for items that deteriorates at a generalized Weibull distributed rate when demand for the items is dependent on the selling price. Shortages are not allowed and price inflation is taken into consideration over finite planning horizon. A brief analysis of the cost involved is carried out by theoretical analysis.
Keywords: inventory, inflation, Weibull distribution, selling price dependent demand, delay in payment
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MLA | , S.P. Singh, and Gobind Panda. "An inventory model for generalized weibull deteriorating items with price dependent demand and permissible delay in payments under inflation." Logforum 11.3 (2015): 5. DOI: https://doi.org/10.17270/J.LOG.2015.3.5 |
APA | S.P. Singh , Gobind Panda (2015). An inventory model for generalized weibull deteriorating items with price dependent demand and permissible delay in payments under inflation. Logforum 11 (3), 5. DOI: https://doi.org/10.17270/J.LOG.2015.3.5 |
ISO 690 | , S.P. Singh, PANDA, Gobind. An inventory model for generalized weibull deteriorating items with price dependent demand and permissible delay in payments under inflation. Logforum, 2015, 11.3: 5. DOI: https://doi.org/10.17270/J.LOG.2015.3.5 |