Economic Production Quantity Model for Deteriorating Items with Weibull Deterioration Rate over the Finite Time Horizon

2021 ◽  
Vol 7 (2) ◽  
Author(s):  
Santosh Shekhawat ◽  
Himanshu Rathore ◽  
Kalpna Sharma
Keyword(s):  
Finite Time ◽  
Time Horizon ◽  
Deteriorating Items ◽  
Economic Production Quantity ◽  
Deterioration Rate ◽  
Economic Production ◽  
Production Quantity ◽  
Finite Time Horizon

scholarly journals Development of a Fuzzy Economic Order Quantity Model of Deteriorating Items with Promotional Effort and Learning in Fuzziness with a Finite Time Horizon

Inventions ◽  
2019 ◽  
Vol 4 (3) ◽  
pp. 36 ◽  
Author(s):  
Amalendu Singha Mahapatra ◽  
Biswajit Sarkar ◽  
Maheswar Singha Mahapatra ◽  
Hardik N Soni ◽  
Sanat Kumar Mazumder
Keyword(s):  
Finite Time ◽  
Time Horizon ◽  
Deteriorating Items ◽  
Economic Order Quantity ◽  
Economic Order ◽  
Order Quantity ◽  
Promotional Effort ◽  
Deterioration Rate ◽  
Fuzzy Environment ◽  
Finite Time Horizon

This study investigates an economic order quantity model of deteriorating items, where demand is fuzzy in nature and depends on promotional effort with full backorder for a given time horizon. The learning effect in the fuzzy environment is added in this model. A constant deterioration rate is assumed. Under these circumstances, a mathematical model is developed to curtail the total cost over a finite time horizon by determining the replenishment order quantity, number of replenishments, and the fraction of the replenishment cycle when inventory is positive. A solution algorithm is developed to find the optimal solutions. The applicability of the proposed model is illustrated through numerical examples. To get further insights, sensitivity analysis is carried out for the main parameters in crisp, fuzzy, and fuzzy-learning environments.

Fuzzy Economic Production Quantity Model for Weibull Deteriorating Items with Ramp Type of Demand

2011 ◽  
Vol 2 (3) ◽  
pp. 55-90 ◽  
Author(s):  
R. Uthayakumar ◽  
M. Valliathal
Keyword(s):  
Deteriorating Items ◽  
Quantity Discounts ◽  
Setup Cost ◽  
Economic Production Quantity ◽  
Deterministic Demand ◽  
Economic Production ◽  
Holding Cost ◽  
Production Quantity ◽  
Delay In Payments ◽  
The Cost

This paper discusses an Economic Production Quantity model for Weibull deteriorating items over an infinite time horizon under fuzzy environment. Fuzziness is introduced by allowing the cost components such as setup cost, production cost, holding cost, shortage cost and opportunity cost due to lost sales to certain extent. Triangular fuzzy numbers are used to represent the mentioned costs. Optimum policies of the described models under fuzzy costs are derived. The proposed model can be extended in several ways. For instance, the deterministic demand function to stochastic fluctuating demand patterns could be considered. The model could also be generalized to allow for quantity discounts, as well as permissible delay in payments.

scholarly journals Low Carbon Economic Production Quantity Model for Imperfect Quality Deteriorating Items

2019 ◽  
Vol 1 (1) ◽  
pp. 1 ◽  
Author(s):  
Y Daryanto ◽  
H.M. Wee
Keyword(s):  
Carbon Emission ◽  
Carbon Tax ◽  
Secondary Market ◽  
Deteriorating Items ◽  
Low Carbon ◽  
Economic Production Quantity ◽  
Work In Process ◽  
Economic Production ◽  
Production Quantity ◽  
Tax Regulation

This paper presents an economic production quantity (EPQ) model for deteriorating items with a certain percentage of defective products due to an imperfect process. The defective products are sold to a secondary market at a discount price. Due to environmental concern and carbon tax regulation, the manufacturer incorporates the control of carbon emission cost into its decision model. Carbon emission cost is a function of electricity consumption during production and inventory storage; it is also dependent on the carbon tax rate. Since the production process results in work-in-process inventory and carbon emission, the study tries to optimize the throughput time. We also examine the effect of carbon tax regulation on the potential emission reduction from the developed deteriorating item model. A numerical example and sensitivity analysis have been provided, and the result confirms the influence of carbon tax regulation in reducing carbon emission.

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