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ISSN 1895-2038, e-ISSN:1734-459X

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Creative Commons licence CC BY-NC (Attribution-NonCommercial) 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
2
Department 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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For citation:

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