Volume 20 No 13 (2022)
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AN INVENTORY MODEL WITH PARTIAL BACKORDERING, WEIBULL DISTRIBUTION DETERIORATION UNDER TWO LEVEL OF STORAGE
Kamlesh Patil, Dr. Arihant Jain and Dr. Ritesh Yadav
Abstract
Inventory management is a recurring issue that managers in a variety of organizations, such as manufacturing companies, distribution networks, or retail businesses, must deal with on a daily basis in this paper, it is presumed that both warehouses' rates of degradation vary. This notion is supported by the fact that each warehouse has a varied set of preservation facilities. Thus, the holding costs are seen as distinct and linearly time-dependent. It is assumed that the demand rate is constant. Shortages are permitted in the OW and partly backlogged during the next replenishment cycle, and salvage value is connected to the deteriorating units of inventory. This model's objectives are to determine the ideal order quantity and to reduce the overall cost of inventory. Using a numerical example, the model's applicability is examined. The shape parameter of the degradation rate in RW, which affects PCC value, is not sensitive to value.
Keywords
Inventory Model, Partial, Weibull Distribution Deterioration and Warehouse
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