An Inventory Model with Price and Quality Dependent Demand Where Some Items Produced Are Defective | Zendy

Tapan K Datta | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

An Inventory Model with Price and Quality Dependent Demand Where Some Items Produced Are Defective

Author(s) -

Tapan K Datta

Publication year - 2013

Publication title -

advances in operations research

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.379

H-Index - 14

eISSN - 1687-9155

pISSN - 1687-9147

DOI - 10.1155/2013/795078

Subject(s) - quality (philosophy) , product (mathematics) , sensitivity (control systems) , fraction (chemistry) , econometrics , economics , production (economics) , index (typography) , price index , unit (ring theory) , microeconomics , computer science , statistics , mathematics , engineering , chemistry , philosophy , geometry , mathematics education , organic chemistry , epistemology , electronic engineering , world wide web

This paper analyzes an inventory system for joint determination of product quality and selling price where a fraction of items produced are defective. It is assumed that only a fraction of defective items can be repaired/reworked. The demand rate depends upon both the quality and the selling price of the product. The production rate, unit price, and carrying cost depend upon the quality of the items produced. Quality index is used to determine the quality of the product. An algorithm is provided to solve the model with given values of model parameters. Sensitivity analysis has also been performed.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research