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    Please use this identifier to cite or link to this item: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/20690

    Title: An EOQ inventory model with time-varying demand and Weibull deterioration with shortages
    Authors: Wu, Jong-wuu;Lin, C.;Tan, B.;Lee, W. C.
    Contributors: 淡江大學統計學系
    Date: 2000-06-01
    Issue Date: 2009-11-30 12:56:41 (UTC+8)
    Publisher: Taylor & Francis
    Abstract: An inventory model is considered in which inventory is depleted not only by demand, but also by deterioration. Hence, in this paper, we derive the EOQ model for inventory of items that deteriorate at a Weibull-distributed rate, assuming the demand rate with a continuous function of time. Moreover, the proposed model cannot be solved directly in a closed form, thus we used the computer software IMSL MATH/LIBRARY (1989) to find the optimal reorder time. Further, we also find that the optimal procedure is independent from the form of the demand rate. Finally, we also assume that the holding cost is a continuous, non-negative and non-decreasing function of time in order to generalize the EOQ model. Moreover, four numerical examples and sensitivity analyses are provided to assess the solution procedure.
    Relation: International Journal of Systems Science 31(6), pp.677-683
    DOI: 10.1080/00207720050030716
    Appears in Collections:[Graduate Institute & Department of Statistics] Journal Article

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