Abstract
In this present work, a single item production–inventory model is considered. The rate of production is considered as variable. Here the production of defective items also considered. Since some defective items are being produced, corresponding to that a damage rate is applied. It is assumed that there is a demand for both defective and non-defective items. Thus, two types of demand have been considered here. It is considered that the production rate is a monotonically decreasing function. An efficiency cost has also been applied to fulfill the customers’ demand. Under these circumstances, a profit function is constructed for the manufacturer. Finally, the proposed model is discussed considering some numerical data.
Similar content being viewed by others
References
Harris, F.: Operations and Cost. Factory Management Service. A.W. Shaw Co., Chicago (1915)
Mehdi, S., Ahmad, M.: An inventory model with demand dependent replenishment rate for damageable item and shortage. In: Proceedings of the 2014 International Conference on Industrial Engineering and Operations Management Bali, Indonesia, January 79 (2014)
Palanivel, M., Uthayakumar, R.: A production–inventory model with variable production cost and probabilistic detoriation. Asia Pac. J. Math. 1(2), 197–212 (2014)
Baker, R.C., Urban, T.L.: A deterministic inventory system with an inventory level dependent demand rate. J. Oper. Res. Soc. 39, 823–831 (1988)
Mandal, B.N., Phaujdar, S.: An inventory model for deteriorating items and stock dependent consumption rate. J. Oper. Res. Soc. 40, 483–488 (1989)
Samanta, G.P., Roy, A.: A production-inventory model with deteriorating items and shortages. Yugosl. J. Oper. Res. 14(2), 219–230 (2004)
Singh, S.R., Sharma, S.: An integrated model with variable production and demand rate under inflation. Procedia Technol. 10, 381391 (2013)
Manna, S.K., Chaudhuri, K.S.: An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages. Eur. J. Oper. Res. 171, 557–566 (2006)
Teng, J.T., Chang, C.T.: Economic production quantity models for deteriorating items with price and stock dependent demand. Comput. Oper. Res. 32, 297–308 (2005)
El-Gohary, A.A., Tadj, L., Al-Rasheed, A.F.: Using optimal control to adjust the production rate of a deteriorating inventory system. J. Taibah Univ. Sci. 2, 69–77 (2009)
Mukhopadhyay, A., Goswami, A.: Economic production quantity (EPQ) model for three type imperfect items with rework and learning in setup. Theor. Appl. 4(1), 57–65 (2014)
Chiu, Y.S.P., Wu, M.F., Chiu, S.W., Chang, H.H.: A simplified approach to the multi-item economic production quantity model with scrap, rework, and multi-delivery. J. Appl. Res. Technol. 13(4), 472–476 (2015)
Patra, K., Mondal, S.K.: Risk analysis in a production inventory model with fuzzy demand, variable production rate and production time dependenet selling price. Opsearch 52(3), 505–529 (2015)
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Patra, K., Maity, R. A Single Item Inventory Model with Variable Production Rate and Defective Items. Int. J. Appl. Comput. Math 3 (Suppl 1), 19–29 (2017). https://doi.org/10.1007/s40819-017-0338-0
Published:
Issue Date:
DOI: https://doi.org/10.1007/s40819-017-0338-0