IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v4y2012i6p622-637.html
   My bibliography  Save this article

Imperfect production policy of a breakable item with variable breakability and demand in random planning horizon

Author

Listed:
  • Partha Guchhait
  • Manas Kumar Maiti
  • Manoranjan Maiti

Abstract

Production inventory model of a breakable item, i.e., item made of glass, ceramic, etc. is developed where, above a certain stock level breakability increases with time and stock level. Demand of the item is stock and selling price dependent. Production process is not 100% perfect, i.e., not all produced units are of perfect quality. Defective units are sold at a reduced price. Duration of demand of the item in the market is assumed as stochastic in nature and follows normal distribution with a known mean and standard deviation. Here, the unit production cost depends on production rate and is derived from the particular production function under which it is being produced. Here selling price, reliability of production process, set-up cost and duration of each cycle are decision variables. Model is illustrated with numerical data and some sensitivity analyses have been presented.

Suggested Citation

  • Partha Guchhait & Manas Kumar Maiti & Manoranjan Maiti, 2012. "Imperfect production policy of a breakable item with variable breakability and demand in random planning horizon," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 4(6), pages 622-637.
    • Handle: RePEc:ids:ijmore:v:4:y:2012:i:6:p:622-637
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=49936
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmore:v:4:y:2012:i:6:p:622-637. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=320 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.