Journal article Open Access

An Inventory Model based on Imperfect Production with Shortage Backorder

Anjali Harit; Anurag Sharma; S.R. Singh

Sponsor(s)
Blue Eyes Intelligence Engineering and Sciences Publication(BEIESP)

In this paper, we discussed about the imperfect items. In practice items may get damaged due to production or transportation conditions. Each lot receives some imperfect items. This model also considers the effects of business strategies such as optimal order size of raw materials, production rates and unit production costs, and idle time in different areas on the cooperation of marketing systems. The model can be used in industries such as textiles and footwear, chemicals, food. We develop an inventory model based on imperfect products and shortages. We consider demand is constant and continuous. Purpose of this study is not only to find the retailer`s optimal replenishment policies but also to minimize the total average cost. Finally, a numerical example is presented to illustrate the proposed model and sensitivity analysis of the optimal solution concerning parameters is carried out using the Mathematica 10.0 software.

Files (561.9 kB)
Name Size
A3085059120.pdf
md5:da6cff988645ad00f69530b4673b2ad9
561.9 kB Download
18
11
views
downloads
Views 18
Downloads 11
Data volume 6.2 MB
Unique views 12
Unique downloads 11

Share

Cite as