This paper deals with a comparison between inventory followed by shortages model and shortages followed by inventory model with variable demand rate. It is assumed that the stock deteriorates over time which follows a two parameter Weibull distribution. Both the models are assumed fixed trade credit period to the retailer from the supplier. The model is solved analytically and the results are illustrated with numerical examples.
|Number of pages||28|
|Journal||International Journal of Applied and Computational Mathematics|
|Publication status||Published - 2015 Sep 1|
All Science Journal Classification (ASJC) codes
- Computational Mathematics
- Applied Mathematics