Deteriorating Inventory Model For Two Parameter Weibull Demand With Shortages

Abstract

In this paper a deteriorating inventory model have been developed for two parameter Weibull demand rate. Shortages are allowed and are completely backlogged .This inventory system follows an two-parameter exponnential distribution deterioration rate in which the holding cost is constant .The results are described with the numerical example and sensitivity analysis.

Keywords: Deterioration, Exponential distribution, holding cost, Inventory, shortages, Weibull demand rate.