An EOQ Model for Deteriorating Items with Time Dependent Demand

Abstract

In this paper, an EOQ model is developed to construct the optimal ordering policies for the inventory system which have the deteriorating items follows the two-parameter Weibull distribution. The demand parameter is considered as time dependent demand and shortages are allowed in this study. In order to determine the best values for the order quantity, total cost, and replenishment time, the problem was analytically solved.