Logforum. 2013. 9(2), article 5, 111-118;
PRODUCTION-INVENTORY MANAGEMENT MODEL FOR A WEIBULL DETERIORATING ITEM WITH LINEAR DEMAND AND SHORTAGES
Gobinda Chandra Panda1, Pravat Kumar Sukla2
1.M.I.E.T, BPUT, BBSR, Odisha,India,
2.P.S. College,Koksara,Kalahandi,Odisha, India
Abstract:
Background: Physical decay or deterioration of goods in stock is an important feature of real inventory systems.
Material and methods: In the present paper, we discuss an production inventory model for a Weibull deteriorating item over a finite planning horizon with a linearly time-varying demand rate and a uniform production rate, allowing shortages, which are completely backlogged.
Results and conclusions: A production inventory model is developed for a Weibull deteriorating item over a finite planning horizon with a linear time varying demand, finite production rate and shortages. The optimal number of production cycles that minimizes the average system cost is determined.
Keywords: Production, Shortage, Deterioration, Inventory, Demand
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For citation:
MLA | Panda, Gobinda Chandra, and Pravat Kumar Sukla. "Production-inventory Management model for a weibull deteriorating item with linear demand and shortages." Logforum 9.2 (2013): 5. |
APA | Gobinda Chandra Panda, Pravat Kumar Sukla (2013). Production-inventory Management model for a weibull deteriorating item with linear demand and shortages. Logforum 9 (2), 5. |
ISO 690 | PANDA, Gobinda Chandra, SUKLA, Pravat Kumar. Production-inventory Management model for a weibull deteriorating item with linear demand and shortages. Logforum, 2013, 9.2: 5. |