Production - Inventory Policies for Deteriorating Items with Imperfect Production Process when Demand is Quadratic
Keywords:
integrated production-inventory policy, deterioration, imperfect processes, multiple deliveries, quadratic demand.Abstract
This study is aimed at analysing integrated production - inventory policies for
deteriorating items in supply chain when demand of product is subject to increase with
time. The model assumes partial backlogging, imperfect production process and multiple
deliveries. The elapsed time until the production process shifts is assumed to be
exponentially distributed. It is observed that the joint decision lowers the total cost
compared with an independent decisions made by the manufacturer and the retailer with the
help of numerical data. The sensitivity analysis is carried out to study the variation in the
decision variables and the total integrated cost.
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