Inventory model with time dependent holding cost, constant demand rate, and shortages under Weibull deterioration

In the current study, we developed an inventory model for the progress of any business organization. The important task of the account managers is determining an inventory optimization policy. We focus on an inventory optimization approach to support business organizations. We observe an available d...

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Hauptverfasser: Sharma, M. K., Singh, Satya Jeet, Srivastava, V. K., Kumar, Mukesh, Kumar, Sandeep
Format: Tagungsbericht
Sprache:eng
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Zusammenfassung:In the current study, we developed an inventory model for the progress of any business organization. The important task of the account managers is determining an inventory optimization policy. We focus on an inventory optimization approach to support business organizations. We observe an available deteriorating items inventory model in which the demand rate is constant holding cost is time-dependent. Shortages are allowed and partially backlogged. Also validate the developed model by a numerical example and discussed the sensitivity analysis.
ISSN:0094-243X
1551-7616
DOI:10.1063/5.0103855