In this paper, a production inventory model is developed for the business enterprise which consists of three wings. The first wing is for manufacturing new items, the second wing is for collecting the returned items, while third wing is for remanufacturing the returned item. In this model we consider the fact that the storage item is deteriorated during storage periods and salvage value is inco...

The paper presents a stochastic gamma process model to account for both population (i.e., sampling) and temporal variability associated with a degradation process that typically increases the probability of failure with the aging of a structure. The proposed method is more versatile than the random-variable degradation rate model commonly used in the structural reliability literature. The reaso...

Some products like green vegetables, volatile liquids and others deteriorate continuously due to evaporation, spoilage etc. In this study, an inventory model is developed for deteriorating items with linearly time dependent demand rate under inflation and time discounting over a finite planning horizon. Shortages are allowed and linearly time dependent. Mathematical model is presented for the p...

In this study we have discussed a fuzzy eoq model for deteriorating products with time varying deterioration under inflation and exponential dependent demand rate. Shortages are not allowed in the impact of is investigated. An inventory used to determine whether order quantity more than or equal predetermined declining items.The optimal solution existing derived by taking truncated taylor’s ser...