Flexible inventory system of imperfect production under deterioration and inflation

Production Inventory Model with Different Deterioration Rates Under Linear Demand

A production inventory model with linear trend in demand is developed. Different deterioration rates are considered in a cycle. Shortages not allowed. To illustrate the model numerical example is provided and sensitivity analysis is also carried out for parameters.

Inflation Targeting under Imperfect Knowledge

A central tenet of inflation targeting is that establishing and maintaining well-anchored inflation expectations are essential. In this paper, we reexamine the role of key elements of the inflation targeting framework towards this end, in the context of an economy where economic agents have an imperfect understanding of the macroeconomic landscape within which the public forms expectations and ...

An EPQ model with inflation in an imperfect production system

In this paper, a production inventory model is considered for stochastic demand with the effect of inflation. Generally, every manufacturing system wants to produce perfect quality items. However, due to real-life problems (labor problems, machine breakdown, etc.), a certain percentage of products are of imperfect quality. The imperfect items are reworked at a cost. The lifetime of a defective ...

An Inventory Model with Fuzzy Deterioration and Fully Backlogged Shortage under Inflation

Looking through the inventory models with deteriorating items shows that the deterioration rate is considered constant in most of the previous researches. But,in the real world, deterioration rate is not actually constant and slightly disturbed from its original crisp value. In this paper a more realistic inventory model with fuzzy deterioration and fully backlogged shortage under inflation is ...

A Two Warehouse Inventory Model Under Inflation With Variable Deterioration And Partially Backordering