Author/Authors :
Mishra، Srichandan نويسنده Department of Mathematics,Government Science College,Odisha,India , , Raju، L.K. نويسنده Department of Mathematics,National Institute of Science and Technology (NIST),Odisha,India , , Misra، U.K. نويسنده Department of Mathematics,Berhampur University,Berhampur,India , , Misra، G. نويسنده Department of Statistics,Utkala University,Bhubaneswara,India ,
Abstract :
The objective of this model is to investigate the inventory system for perishable items with power demand pattern where two parameter Weibull distribution for deterioration is considered. The Economic order quantity is determined for
minimizing the average total cost per unit time under the influence of inflation
and time value of money. Here the deterioration starts after a fixed time interval.
The influences of inflation and time-value of money on the inventory system are
investigated with the help of some numerical examples.
Keywords :
deterioration , Weibull distribution , Inventory system , Power demand
