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Improvement for Amelioration Inventory Model with Weibull Distribution

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  • Han-Wen Tuan
  • Shu-Cheng Lin
  • Peterson Julian

Abstract

Most inventory models dealt with deteriorated items. On the contrary, just a few papers considered inventory systems under amelioration environment. We study an amelioration inventory model with Weibull distribution. However, there are some questionable results in the amelioration paper. We will first point out those questionable results in the previous paper that did not derive the optimal solution and then provide some improvements. We will provide a rigorous analytical work for different cases dependent on the size of the shape parameter. We present a detailed numerical example for different ranges of the sharp parameter to illustrate that our solution method attains the optimal solution. We developed a new amelioration model and then provided a detailed analyzed procedure to find the optimal solution. Our findings will help researchers develop their new inventory models.

Suggested Citation

  • Han-Wen Tuan & Shu-Cheng Lin & Peterson Julian, 2017. "Improvement for Amelioration Inventory Model with Weibull Distribution," Mathematical Problems in Engineering, Hindawi, vol. 2017, pages 1-8, June.
  • Handle: RePEc:hin:jnlmpe:8946547
    DOI: 10.1155/2017/8946547
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    Cited by:

    1. Buisman, Marjolein E. & Rohmer, Sonja U.K., 2022. "Inventory decisions for ameliorating products under consideration of stochastic demand," International Journal of Production Economics, Elsevier, vol. 252(C).

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