• Suchismita Pradhan

Abstract We have endeavoured here to depict an interactive inventory model between producer (supplier) and prospective buyer (vendor) in the presence of an extraordinary purchase and credit period with two parameter weibull deterioration for items with power demand. The model deal with the problem of a supplier disposing a large inventory level through an offer to a prospective buyer in the form of a credit period. From our model we confirm that the behaviour of replenishment period and trade credit period and change of the total variable cost observed from numerical evidence should be interpreted with caution in any business organisation.

Keywords: Weibull deterioration, shortages, power demand, credit period.

"Optimization of EOQ Model for Weibull Distribution Deterioration With Power Demand under Permissible Delay", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.687-694, July-2018, Available :http://www.jetir.org/papers/JETIR1807245.pdf

"Optimization of EOQ Model for Weibull Distribution Deterioration With Power Demand under Permissible Delay", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp687-694, July-2018, Available at : http://www.jetir.org/papers/JETIR1807245.pdf