• Virali Vora
• U. B. Gothi

In this paper, we have developed a continuous order-level deterministic inventory model for deteriorating items under ramp type, time dependent demand rate. A two parameter Weibull distribution and Pareto Type-I distribution is considered for the time to deterioration and shortages are allowed to occur. The holding cost is assumed to be a linear function of time to make the setup more practical. The model is solved analytically with an objective to find optimal solution for minimizing the total costs. A numerical example has been carried out to validate the model and sensitivity analysis is provided to study the effect of change in parameters on different variables and total cost.

Ramp-type Demand rate, Weibull Distribution, Pareto Distribution, Deterioration.

"A Deterministic Inventory System With Shortages Under Ramp Type Demand Rate And Weibull & Pareto Deterioration Rate", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.206-213, March-2019, Available :http://www.jetir.org/papers/JETIR1903D35.pdf

"A Deterministic Inventory System With Shortages Under Ramp Type Demand Rate And Weibull & Pareto Deterioration Rate", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp206-213, March-2019, Available at : http://www.jetir.org/papers/JETIR1903D35.pdf