ABSTRACT:
This paper is concerned with the devalopment of ameliorating inventory models. The ameliorating inventory is the Inventory of goods whose utility increases over the time by ameliorating activation. This study is performed according to ereas; one is an economic order quantity (EOQ) model for the items who is utility is ameliorating in accordance with Weibull distribution and the other is a partiel selling quantity (PSQ) model developed for selling the surplus inventory accumulated by ameliorating activation with linear demand. Numerical examples to show the effect of ameliorating rate on inventory policies are illustrated.
Cite this article:
Sahu (2007). A Note on Inventory Model for Ameliorating Items with Time Dependent Demand Rate. Journal of Ravishankar University (Part-B: Science), 20(1), pp.61-71.