|
Three levels of sustainable production inventory model for defective and deteriorating items with rework under marketplace selling price
|
T Sekar   , R. Uthayakumar , P. Mythuradevi |
| Department of Mathematics, Builders Engineering College, Tirupur, Tamilnadu, India |
|
|
Abstract: (848 Views) |
The intention of the article is to present an imperfect production process inventory model for deteriorating items where the demand rate depends on advertising cost and price. In this research, an industrial manager produces products in a determined  imperfect replenishment cycles and also in each replenishment cycle, the manufacturer produces items in three imperfect production cycles and one rework setup, (M/P3/R1) inventory system. Rework is one of the important issues in reverse logistics and green supply chain, because it reduces waste, environmental harms and also the overall inventory cost significantly. Here shortages are considered under completely backlogging strategy. The major objective is to establish the optimum advertising cost, optimum cycle time, optimum lot size quantity and optimum selling price with the intend of minimizing the total inventory cost. A numerical example and a sensitivity analysis are established to validate the theoretical results, and managerial insights for industry managers are provided. |
|
| Keywords: Three levels of production, imperfect replenishment cycle, defective items, rework, advertising cost |
|
|
Full-Text [PDF 676 kb]
(787 Downloads)
|
Type of Study: Research |
Subject:
General
Received: 2022/12/3 | Accepted: 2022/08/15
|
|
|
|
|
|
|
| Send email to the article author |
|
|
|
| Add your comments about this article |
|
|
|
