Volume & Issue no: Volume 9, Issue 1, January 2020
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Title: |
A Control in Inventory for Deteriorating Items with Shortages |
Author Name: |
Sandipa Bhattacharya, Seema Sarkar (Mondal) |
Abstract: |
ABSTRACT
A model is derived in inventory for deteriorating items with the quadratic constant quadratic type demand rate
under different situations when inventory level reaches to zero. The rate of deterioration is followed by Weibull
distributed deterioration. Here, shortages are allowed during the finite planning horizon. In this paper, we
determine the total number of deteriorating items, total number of shortage quantity and total number of
carrying inventory during the entire planning horizon. The main objective of this model is to develop an optimal
policy which reduces the number of deteriorating items as well as the shortages quantity. Finally, the model is
illustrated by a numerical example for each scenario.
Keywords: Deterioration, Weibull distributed deterioration, Inventory, Shortage. |
Cite this article: |
Sandipa Bhattacharya, Seema Sarkar (Mondal) , "
A Control in Inventory for Deteriorating Items with Shortages" , International Journal of Application or Innovation in Engineering & Management (IJAIEM) ,
Volume 9, Issue 1, January 2020 , pp.
029-035 , ISSN 2319 - 4847.
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