TITLE:
An Inventory Model of Production with Level Dependent Demand Allowing Few Defective Items
AUTHORS:
Md. Jamil Uddin, Shirajul Islam Ukil, Aminur Rahman Khan, Md. Sharif Uddin
KEYWORDS:
Production Inventory, Linear Demand, Defective Item and Constant, Production Rate
JOURNAL NAME:
American Journal of Operations Research,
Vol.11 No.1,
January
13,
2021
ABSTRACT: This paper considers a model regarding the products
with finite life which allows defective items in reproduction and causes a
small amount of decay. The market demand is assumed to be level dependent
linear type. The model has also considered the constant production rate which
stops after a desired level of inventories and that is the highest level of it.
Due to the market demand, defective item and product’s decay, the inventory
reduces to the zero level where again the production cycle starts. With a
numerical search procedure, the proof of the
proposed model has been shown. The objective of the proposed model is to find
out the total optimum inventory cost, optimum ordering cost and optimum
ordering cycle.