Imperfect Production Inventory Model with Stock Dependent Demand and Price Discount Offer on Items of Minor Defect in Reworking
Journal Title: International Journal of engineering Research and Applications - Year 2017, Vol 7, Issue 9
Abstract
In this paper a manufacturing inventory model with constant production rates and without shortages is developed for single item where defective items are produced in regular production process with a proportion of defectives as scrap. Defective items are reworked just after the regular production stops. Deterioration starts after some time of regular production and deteriorated items are sold with price discount. Demand rate of perfect items is assumed to be stock dependent. Reworked items are serviceable items with minor defect having constant demand rate. In order that reworked items can be completely sold before the next cycle starts, the demand is enhanced by offering a price discount on reworked items. Numerical examples with tables, graphs and sensitivity analysis are presented to illustrate the model.
Authors and Affiliations
Rahul Kumar Pandey, Bindu Vaish
Keywords
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