Dr. Anil Kumar Sharma
Madhu Goyal
Ravikant Sharma
Abstract
In this paper a lot size inventory model is developed for deteriorating items with power pattern demand, when shortages are observed. The deterioration is taken as weibull distribution deterioration. Sensitivity of different variables are also discussed in this paper. Finally the special case of the modelis discussed.
Keywords- Weibull distribution, deterioration, shortage, Power Pattern Demand (PPD), Pattern index.