Abstract

Existing study gives ordering policy for non-instantaneous deteriorating items having three-variable Weibull distribution deterioration rate. Demand rate varies in different time interval. Before deterioration starts, demand is constant and after that it decreases exponentially with respect to time. The study considers total cost function as objective function including salvage value. Shortages are not allowed to stay in time-based competition. Results are proved theoretically and numerically. Sensitivity analysis is performed with respect to salvage value, scale parameter, shape parameter and location parameter including in deterioration rate function to show the liability of the model.

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