Descriptor
| Facility Inventory | 1 |
| Mathematical Formulas | 1 |
| Mathematical Models | 1 |
| Mathematics Education | 1 |
| Operations Research | 1 |
| Probability | 1 |
| Statistical Distributions | 1 |
Source
| International Journal of… | 1 |
Publication Type
| Journal Articles | 1 |
| Numerical/Quantitative Data | 1 |
Education Level
Audience
Location
Laws, Policies, & Programs
Assessments and Surveys
What Works Clearinghouse Rating
Peer reviewed
Direct linkMukhopadhyay, Sushanta; Mukherjee, R. N.; Chaudhuri, K. S. – International Journal of Mathematical Education in Science and Technology, 2005
An inventory replenishment policy is developed for a deteriorating item and price-dependent demand. The rate of deterioration is taken to be time-proportional and the time to deterioration is assumed to follow a two-parameter Weibull distribution. A power law form of the price dependence of demand is considered. The model is solved analytically…
Descriptors: Mathematics Education, Mathematical Models, Operations Research, Facility Inventory
