Department of Mathematics, Uttaranchal University, Dehradun-248007, Uttarakhand, India
In this present paper we developed an economic order quantity (EOQ) inventory model for healthcare industry. We consider time varying deteriorating items with a constant and time dependent demand rate, constant holding cost without shortage. Here two numerical examples are used to explain the significance of the model. Sensitivity analysis with graphs of the optimal solution with respect to various parameters is carried out to see the effect of parameter changes on the solution.
EOQ, Ramp type demand, time varying deteriorating items, shortage, weibull distribution
