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EOQ Model with Volume Agility, Variable Demand Rate, Weibull Deterioration Rate and Inflation

by S. R. Singh, Vandana Gupta, Preety Bansal
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 72 - Number 23
Year of Publication: 2013
Authors: S. R. Singh, Vandana Gupta, Preety Bansal
10.5120/12679-9293

S. R. Singh, Vandana Gupta, Preety Bansal . EOQ Model with Volume Agility, Variable Demand Rate, Weibull Deterioration Rate and Inflation. International Journal of Computer Applications. 72, 23 ( June 2013), 1-6. DOI=10.5120/12679-9293

@article{ 10.5120/12679-9293,
author = { S. R. Singh, Vandana Gupta, Preety Bansal },
title = { EOQ Model with Volume Agility, Variable Demand Rate, Weibull Deterioration Rate and Inflation },
journal = { International Journal of Computer Applications },
issue_date = { June 2013 },
volume = { 72 },
number = { 23 },
month = { June },
year = { 2013 },
issn = { 0975-8887 },
pages = { 1-6 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume72/number23/12679-9293/ },
doi = { 10.5120/12679-9293 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:38:40.604657+05:30
%A S. R. Singh
%A Vandana Gupta
%A Preety Bansal
%T EOQ Model with Volume Agility, Variable Demand Rate, Weibull Deterioration Rate and Inflation
%J International Journal of Computer Applications
%@ 0975-8887
%V 72
%N 23
%P 1-6
%D 2013
%I Foundation of Computer Science (FCS), NY, USA
Abstract

The main objective of this paper is to develop a Supply chain model of a volume agile manufacturing process for the deteriorating items. It is assumed that an EOQ model in which inventory is depleted not only by demand also by deterioration. In this study, a model for the producer by assuming stock dependent demand rate is developed. It is assumed that the deterioration rate follows the Weibull distribution. The unit production cost which is treated to be a function of the finite production rate which is treated to be a decision variable. This whole study is studied in the inflationary environment. The mathematical expression for the total cost is derived and it is minimized. The solution procedure is illustrated with the help of numerical example.

References
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Index Terms

Computer Science
Information Sciences

Keywords

Volume agility Stock dependent demand inflation and Weibull deterioration rate

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