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Mathematical Problems in Engineering
Volume 2016, Article ID 1490712, 10 pages
http://dx.doi.org/10.1155/2016/1490712
Research Article

Optimal Replenishment Policy for Weibull-Distributed Deteriorating Items with Trapezoidal Demand Rate and Partial Backlogging

School of Management, Shanghai University, Shanghai 200444, China

Received 2 December 2015; Accepted 27 March 2016

Academic Editor: Alireza Amirteimoori

Copyright © 2016 Lianxia Zhao. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

An inventory model for Weibull-distributed deteriorating items is considered so as to minimize the total cost per unit time in this paper. The model starts with shortage, allowed partial backlogging, and trapezoidal demand rate. By analyzing the model, an efficient solution procedure is proposed to determine the optimal replenishment and the optimal order quantity and the average total costs are also obtained. Finally, numerical examples are provided to illustrate the theoretical results and a sensitivity analysis of the major parameters with respect to the stability of optimal solution is also carried out.