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Abstract

In this paper a two-storage inventory model for decaying items with quadratic demand has been developed. We have taken the deterioration rate is Weibull distribution for OW and the deterioration rate is taken as constant for RW. Holding cost is taken as constant for OW and RW. Numerical examples are presented to demonstrate the developed model and the solution procedure. Sensitivity analysis of the optimal solution with respect to major parameters of the system is carried out and their results are discussed in detail.

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International Transactions in Applied SciencesApr-June 2015 Vol:7 Issue:2

A two-storage inventory model for decaying items with quadratic demand

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