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

Himani Dem | Zendy; Leena Prasher | Zendy

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

Author(s) -

Himani Dem,

Leena Prasher

Publication year - 2013

Publication title -

advances in decision sciences

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.178

H-Index - 13

eISSN - 2090-3367

pISSN - 2090-3359

DOI - 10.1155/2013/915675

Subject(s) - remanufacturing , imperfect , stock (firearms) , economic production quantity , time horizon , reverse logistics , economic shortage , operations research , computer science , production planning , holding cost , production (economics) , business , operations management , supply chain , economics , microeconomics , manufacturing engineering , finance , mathematics , marketing , mechanical engineering , philosophy , linguistics , government (linguistics) , engineering

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

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