A study of production inventory model of deteriorating items in an imperfect production process
Journal Title: International journal of Emerging Trends in Science and Technology - Year 2017, Vol 4, Issue 8
Abstract
The paper describes an EMQ (Economic Manufacturing Quantity ) model for a deteriorating item considering time-dependent demand. The deterioration rate is a constant fraction of the on hand inventory and we have considered three types of demand like, quadratic, exponential and stock dependent. Here our objective is to determine optimal product reliability and production rate that achieves the maximum profit for an imperfect manufacturing process. We use the Euler-Lagrangin method to find the optimal solution for product reliability parameter and dynamic production rate. It is then illustrated with the help of numerical examples
Authors and Affiliations
Santanu Kumar Ghosh
Keywords
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