An Inventory Model for Deteriorating Item with Reliability Consideration and Trade Credit

S.R. Singh · Himanshu Rathore

9 citations0/0 files storedPakistan Journal of Statistics and Operation Research

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Supply Chain and Inventory Management Reliability and Maintenance Optimization Sustainable Supply Chain Management

Abstract

In today’s global market every body want to buy products of high level quality and to achieve a high level product quality supplier have to invest in improving reliability of production process. In present article we have studies reliable production process with stock dependent unit production and holding cost. Demand is exponential function of time and infinite production process wit non- instantaneous deterioration rate are considered in this paper. Whole study has been done under the effect of trade credit. The main objective of this paper is to optimize the total relevant cost for reliable production process. Numerical example and sensitivity analysis is given at the end of this paper. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;}

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References

1963A model for an exponentially decaying inventory 1975Economic Order Quantities with Inflation 1991An Economic Order Quantity Model with Demand-Dependent Unit Production Cost and Imperfect Production Processes 2007Inventory models with ramp type demand rate, partial backlogging and Weibull deterioration rate 2004Optimal pricing and ordering policy under permissible delay in payments 2004An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages 2001An inventory model for deteriorating items with linear trend demand under the condition of permissible delay in payments 2007Two storage inventory problem with dynamic demand and interval valued lead-time over finite time horizon under inflation and time-value of money

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