Authors: L.M. Pradhan, C. K. Tripathy
Title: AN EOQ MODEL FOR THREE PARAMETER WEIBULL DETERIORATING ITEM WITH PARTIAL BACKLOGGING
Keywords: EOQ, Weibull deterioration, partial backlogging
Background: Business organisations are facing a lot of competition during these days. To withstand the competition and to remain in the front row, an enterprise should have optimum profitable plan for his business. Researchers in recent years have developed various inventory models for deteriorating items considering various practical situations. Partial backlogging is considerably a new concept introduced in developing various models for Weibull deteriorating items.
Methodology: In this paper an inventory model has been developed considering three parameter Weibull deterioration of a single item with partial backlogging. Here demand rate is considered to be constant and lead time is zero. During the stock out period the backlogging rate is variable and is dependent on the length of the waiting time for the next replenishment.
Results and conclusion: Optimal order quantity and total variable cost during a cycle has been derived for the proposed inventory model considering three parameter Weibull deteriorating item with partial backlogging. The results obtained in this paper are illustrated with the help of a numerical example and sensitivity analysis.
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|MLA||Pradhan, L.M., and C. K. Tripathy. "An EOQ Model for Three parameter Weibull Deteriorating Item with Partial Backlogging." Logforum 9.1 (2013): 5.|
|APA||L.M. Pradhan1, C. K. Tripathy2 (2013). An EOQ Model for Three parameter Weibull Deteriorating Item with Partial Backlogging. Logforum 9 (1), 5.|
|ISO 690||PRADHAN, L.M., TRIPATHY, C. K.. An EOQ Model for Three parameter Weibull Deteriorating Item with Partial Backlogging. Logforum, 2013, 9.1: 5.|