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Note on inventory models with Weibull distribution deterioration
- Source :
- Production Planning & Control. 22:437-444
- Publication Year :
- 2011
- Publisher :
- Informa UK Limited, 2011.
-
Abstract
- This article explores the inventory model with a general demand rate function in which both the Weibull distributed deterioration and partial backlogging are considered. The inventory model discussed here is based on the important finding by Wu [Wu, K.S., 2001. An EOQ inventory model for items with Weibull distribution deterioration, ramp type demand rate and partial backlogging. Production Planning and Control, 12, 787–793]. There are four parts in our research. First, we derive the analytical framework of the inventory model for a general demand rate function1. Second, for the ramp type demand, we improve Wu's model to find the criterion to guarantee the existence and uniqueness of the optimal solution. Third, we develop a new model to compensate for the missing case in Wu's article. Fourth, we combine our results to show that our findings are applicable to the ramp type demand inventory model, so that the optimal solution is independent of the demand function. Finally, some numerical examples and graph...
- Subjects :
- Mathematical optimization
Strategy and Management
Control (management)
Function (mathematics)
Management Science and Operations Research
Industrial and Manufacturing Engineering
Computer Science Applications
Production planning
Demand curve
Economics
Graph (abstract data type)
Economic order quantity
Uniqueness
Weibull distribution
Subjects
Details
- ISSN :
- 13665871 and 09537287
- Volume :
- 22
- Database :
- OpenAIRE
- Journal :
- Production Planning & Control
- Accession number :
- edsair.doi...........a5b05899219dc327bca619d08939bc9e
- Full Text :
- https://doi.org/10.1080/09537287.2010.499251