The Preservative Technology in the Inventory Model for the Deteriorating Items with Weibull Deterioration Rate
- Title
- The Preservative Technology in the Inventory Model for the Deteriorating Items with Weibull Deterioration Rate
- Creator
- Kaushik J.; Sharma A.
- Description
- An EOQ model for perishable items is presented in this study. The deterioration rate is controlled by preservative technology. This technology only enhances the life of perishable items. So, retailers invested in this technology to get extra revenue. The Weibull deterioration rate is considered for the ramp type demand. Shortages consider partially backlogged, and discount is provided to loyal customers. The concavity of the profit function is discussed analytically. Numerical examples support the solution procedure; then, Sensitivity analysis is applied to accomplish the most sensitive variable. 2021, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
- Source
- Lecture Notes in Networks and Systems, Vol-290, pp. 348-355.
- Date
- 2021-01-01
- Publisher
- Springer Science and Business Media Deutschland GmbH
- Subject
- Retailers; Shortage; Weibull
- Coverage
- Kaushik J., Department of Data Science, Christ University, Bangalore, India; Sharma A., School of Sciences, Christ University, Bangalore, India
- Rights
- Restricted Access
- Relation
- ISSN: 23673370; ISBN: 978-981164485-6
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Kaushik J.; Sharma A., “The Preservative Technology in the Inventory Model for the Deteriorating Items with Weibull Deterioration Rate,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 26, 2025, https://archives.christuniversity.in/items/show/20588.