An Inventory Model for Deteriorating Items with Two Parameter Weibull Demand under Inflation

R. Amutha

Abstract: In this paper we developed a general Inventory Model for perishable products by assuming two parameter Weibull demand and two parameters exponential distribution. We also considered the effect of inflation and the time value money. Shortages are allowed which are completely backlogged. Our aim is to obtain the economic order quantity for minimizing the average total cost per unit time. Numerical examples are also given to illustrate this Inventory model.

Keywords: Inventory model, Deteriorating, Weibull Distribution, Inflation