A Review on EOQ Models for Hazardous Items of Two-Parameter Exponential Distribution

Abstract

A review on EOQ models for hazardous items of two-parameter exponential distribution with a constant hazardous rate is presented. The rate of demand is uniform. Both the cases of infinite and finite rates of replenishment are considered. Also the cases of with and without shortages are considered. The correlations between all the parameters and variables are calculated by the Karl-Pearsons coefficient of correlation.