An EOQ inventory model with ramp type demand rate for items with weibull deterioration

Jong Wu Wu, Bertram Tan, Chinho Lin, Wen Chuan Lee

Research output: Contribution to journalArticle

55 Citations (Scopus)

Abstract

We consider here an EOQ model in which inventory is depleted not only by demand, but also by deterioration at a Weibull distributed rate, assuming the demand rate with a ramp type function of time. The proposed model cannot be solved directly in a closed form, thus the computer software IMSL MATH/LIBRARY [13] has been used to find the optimal reorder time. Finally, three numerical examples and sensitivity analyses are provided to assess the solution procedure.

Original languageEnglish
Pages (from-to)41-51
Number of pages11
JournalInternational Journal of Information and Management Sciences
Volume10
Issue number3
Publication statusPublished - 1999 Dec 1

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Management Information Systems
  • Strategy and Management
  • Industrial and Manufacturing Engineering
  • Information Systems and Management

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