Deteriorating Manufacturing System with Selling Price Discount under Random Machine Breakdown
نویسندگان
چکیده
This paper extends an imperfect production inventory model to machine breakdown at a random time and rework of defective items. Any manufacturing system wants to produce perfect quality items. But in long run production process, there may arise different types of difficulties like labor problem, rawmaterial problems, operator problems, etc., due to that the machinery systems shift from in-control state to out-of-control state as a result the manufacturing systems produce mixture of perfect and imperfect quality items. Some portion of imperfect items are reworked at a cost to become the perfect one. The development cost may be increased the in-control state and reduced the imperfect production. We want to maximize the expected total profit is illustrated by numerical examples and also its sensitivity analysis is carried out.
منابع مشابه
An Extension to the Economic Production Quantity Problem with Deteriorating Products Considering Random Machine Breakdown and Stochastic Repair Time
The recent advances in manufacturing systems motivate several studies to focus on Economic Production Quantity (EPQ) problem. Althuogh there are several extentions to the EPQ, this paper provides a new extension by considering some of the real world parameters like: (a) shortages in the form of partial backordering, (b) inventory can deteriorate stochastically, (c) machine can break down stocha...
متن کاملA deteriorating multi-item inventory model with price discount and variable demands via fuzzy logic under resource constraints
An inventory model of deteriorating seasonal products with Maximum Retail Price (MRP) for a wholesaler having showrooms at different places under a single management system is considered under random business periods with fuzzy resource constraints. The wholesaler replenishes the products instantaneously and earns commissions on MRP which vary with the ordered quantities following All Unit Disc...
متن کاملRetailer's inventory system in a two-level trade credit financing with selling price discount and partial order cancellations
In today's fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer's waiting time, loss of customer's goodwill on retailer's business, and attractive promotional sche...
متن کاملOptimal pricing and replenishment policies for instantaneous deteriorating items with backlogging and trade credit under inflation
In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...
متن کاملRetailer’s inventory system in a two-level trade credit financing with selling price discount and partial order cancelations
In today’s fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer’s waiting time, loss of customer’s goodwill on retailer’s business, attractive promotional schemes ...
متن کامل