10.35940/ijrte.A3085.079220
https://zenodo.org/records/5852066
oai:zenodo.org:5852066
Anjali Harit
Anjali Harit
Department of Mathematics, D.N. College, Meerut, India
Anurag Sharma
Anurag Sharma
Department of Mathematics, D.N. College, Meerut, India
S.R. Singh
S.R. Singh
Department of Mathematics, D.N. College, Meerut, India
An Inventory Model based on Imperfect Production with Shortage Backorder
Zenodo
2020
Demand, Deterioration, Imperfect items, Inventory, Shortage Backordering
Blue Eyes Intelligence Engineering and Sciences Publication(BEIESP)
Blue Eyes Intelligence Engineering and Sciences Publication(BEIESP)
Publisher
2020-07-30
eng
2277-3878
Creative Commons Attribution 4.0 International
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.