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| Article Name : | | | AN ORDER LEVEL INVENTORY MODEL FOR WEIBULL DISTRIBUTED DETERIORATING ITEMS WITH INVENTORY RETURNS AND SPECIAL SALES | | Author Name : | | | Yamarthi Uday Kumar | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ROR-1642 | | Article : | |  | Author Profile | | Abstract : | | | In this chapter we have considered that the inventory is depleted not only by demand but also by Weibull distribution deterioration. Moreover we find that the feasibility condition for working of this model is proposed. Also the above sensitivity tables shown that the influence of the parameter ‘β’ is more significant than the changes in the other parameter like ‘α’ and C_4 values. lt would be interesting to deal with this model in the context of finite Horizon Model. However, one cannot expect a closed form solution for the optimum quantity to be retained. In such situation one can use any search method like Genetical Algorithm | | Keywords : | | - Genetical Algorithm
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