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An integrated inventory model with variable transportation cost, two-stage inspection, and defective items

Title
An integrated inventory model with variable transportation cost, two-stage inspection, and defective items
Author
Sarkar, Biswajit
Keywords
Inventory; variable transportation cost; make-to-order policy; inspection; rework; disposal cost
Issue Date
2017-10
Publisher
AMER INST MATHEMATICAL SCIENCES-AIMS
Citation
JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION, v. 13, No. 4, page. 1975-1990
Abstract
The paper deals with an integrated inventory model with make to-order policy from buyer to vendor. A variable transportation cost is used as a power function of the delivery quantity for either tapering or considering proportional rate data to maintain single-setup multi-delivery (SSMD) policy with reduced transportation cost. A two-stage inspection process is introduced by the vendor to ensure the perfect quality of product even though the first inspection process indicates a constant defective rate of imperfect production is present during the long-run production system and all defective items are reworked with some fixed cost. The aim is to minimize the total cost of the integrated inventory model by using classical optimization technique. Two numerical examples, sensitivity analysis, and graphical representations are given to illustrate the model.
URI
http://aimsciences.org//article/doi/10.3934/jimo.2017027https://repository.hanyang.ac.kr/handle/20.500.11754/121673
ISSN
1547-5816; 1553-166X
DOI
10.3934/jimo.2017027
Appears in Collections:
COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > INDUSTRIAL AND MANAGEMENT ENGINEERING(산업경영공학과) > Articles
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