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.
Journal of Ravishankar University Vol. 20 No. B (Science)
2007 pp 61-71 ISSN 0970-5910
A Note on Inventory Model for Ameliorating Items with
Time
Dependent Demand Rate
Sudhir K. Sahu
P.
G. Department of Statistics, Sambalpur University, Jyoti Vihar
Burla -768019, Sambalpur, Orissa, India.
Ms
Received: 21-03-06
Accepted: 05-10-2007
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.
NOTE: Full version
of this manuscript is available in PDF.