Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model

Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model

This paper derives a reverse logistic inventory model with imperfect production, stock-dependent demand, flexible manufacturing, and shortages over infinite planning horizon. The objective is to determine the joint policy for optimal production, amount of remanufacturing, collection of reusable item...

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Main Authors: Himani Dem, Leena Prasher
Format: Article
Language:English
Published: Asia University 2013-01-01
Series:Advances in Decision Sciences
Online Access:http://dx.doi.org/10.1155/2013/915675
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spelling doaj-e0c58bcf189141b9a8dee7ff32c393d42020-11-24T23:29:03ZengAsia UniversityAdvances in Decision Sciences2090-33592090-33672013-01-01201310.1155/2013/915675915675Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ ModelHimani Dem0Leena Prasher1Department of Science & Humanities, SRM University, Delhi-NCR Campus, Ghaziabad, Uttar Pradesh 201204, IndiaCentre for Mathematical Sciences, Banasthali University, Banasthali, Rajasthan 304022, IndiaThis paper derives a reverse logistic inventory model with imperfect production, stock-dependent demand, flexible manufacturing, and shortages over infinite planning horizon. The objective is to determine the joint policy for optimal production, amount of remanufacturing, collection of reusable items, and collection as well as disposal of defective items which minimizes the total cost of the inventory system under consideration. To make the model more realistic, both of the cases of linear and nonlinear holding costs have been discussed. The results are discussed with a numerical example to illustrate the theory.http://dx.doi.org/10.1155/2013/915675
collection DOAJ
language English
format Article
sources DOAJ
author Himani Dem
Leena Prasher
spellingShingle Himani Dem
Leena Prasher
Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
Advances in Decision Sciences
author_facet Himani Dem
Leena Prasher
author_sort Himani Dem
title Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
title_short Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
title_full Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
title_fullStr Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
title_full_unstemmed Imperfect Production System under Reverse Logistics in Stock-Out Situation: EPQ Model
title_sort imperfect production system under reverse logistics in stock-out situation: epq model
publisher Asia University
series Advances in Decision Sciences
issn 2090-3359
2090-3367
publishDate 2013-01-01
description This paper derives a reverse logistic inventory model with imperfect production, stock-dependent demand, flexible manufacturing, and shortages over infinite planning horizon. The objective is to determine the joint policy for optimal production, amount of remanufacturing, collection of reusable items, and collection as well as disposal of defective items which minimizes the total cost of the inventory system under consideration. To make the model more realistic, both of the cases of linear and nonlinear holding costs have been discussed. The results are discussed with a numerical example to illustrate the theory.
url http://dx.doi.org/10.1155/2013/915675
work_keys_str_mv AT himanidem imperfectproductionsystemunderreverselogisticsinstockoutsituationepqmodel
AT leenaprasher imperfectproductionsystemunderreverselogisticsinstockoutsituationepqmodel
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