NDLI: A production-inventory model with promotional effort, variable production cost and probabilistic deterioration

Content Provider	Springer Nature Link
Author	Palanivel, M. Uthayakumar, R.
Copyright Year	2015
Abstract	This article presents an economic production quantity (EPQ) model for deteriorating items involving probabilistic deterioration where the demand is dependent on sales team’s initiatives. Here, we assumed that the production rate is variable and the unit production cost is the function of the production rate. The unit selling price is calculated by a mark-up over the unit production cost. This model aids in minimizing the total inventory cost of the manufacturer by finding the optimal cycle length and the quantity. On this backdrop, a few theorems have been developed and, the necessary and sufficient conditions of the existence and uniqueness of the optimal solutions are suggested. Moreover, numerical examples and sensitivity analysis were also carried out. The results reveal that the total cost will be minimized when the deterioration follows uniform distribution and when the initiatives of the sales team equal to one.
Starting Page	290
Ending Page	300
Page Count	11
File Format	PDF
ISSN	09756809
Journal	International Journal of System Assurance Engineering and Management
Volume Number	8
Issue Number	1
e-ISSN	09764348
Language	English
Publisher	Springer India
Publisher Date	2015-02-20
Publisher Place	New Delhi
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Inventory Sales team’s initiatives Variable production Probabilistic deterioration Inventory, storage, reservoirs Quality Control, Reliability, Safety and Risk Engineering Economics, Organization, Logistics, Marketing
Content Type	Text
Resource Type	Article
Subject	Strategy and Management Safety, Risk, Reliability and Quality

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
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