Optimal Policy for Non-Instantaneous Decaying Inventory Model with Learning Effect and Partial Shortages

Agarwal, Anchal; Sangal, Isha; Singh, S.R.

doi:10.5120/ijca2017913318

Cited by 9 publications

(5 citation statements)

References 25 publications

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“…Now, the retailer's total inventory cost is the comprise of all costs involved in the inventory system like OC, holding cost (IHC), DC, GC, CTX, and developing cost (DPC). The retailer's total inventory cost per cycle from the Equations ( 5), (6)(7)(8)(9), and (10) which is given under below;…”

Section: Mathematical Formulationmentioning

confidence: 99%

Carbon Tax and Inflationary Conditions under Learning Effects: A Green EOQ Inventory Model

Ahmad

Jaysawal

Sangal

et al. 2023

Macromolecular Symposia

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Now a day, green retail operations drive in many fields to improve the quality of deteriorating items during the delivery of the green items to his customer. In the present paper, retailer receives greening items from the seller and stores it. After received lot of greening items, retailer starts packing of greening items to maintain the quality of greening items and safe from some germs. We are considering that the holding units exit carbon units which are harmful to the environments. Retailer includes carbon emission cost and green packing cost and also invests on greening items to control the greening degree of the product. This paper deals a green economic order quantity (EOQ) inventory model with learning effect for decaying greening items under the inflationary condition and credit financing. An expression for the total cost of the retailer has been minimized with respect to cycle length in the environments of green operations. The objective of this paper is to analyze the impact of greening degree and trade‐credit financing with the learning effect and inflationary condition under carbon emissions on the retailer's total inventory cost. An expression for the total cost of the retailer has been minimized with respect to cycle length in the environments of green operations. Conclusively, sensitive analysis has been presented as a consequence of numerical examples.

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Section: Mathematical Formulationmentioning

confidence: 99%

Carbon Tax and Inflationary Conditions under Learning Effects: A Green EOQ Inventory Model

Ahmad

Jaysawal

Sangal

et al. 2023

Macromolecular Symposia

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“…Sangal et al (2016) [16] considered fuzzy based inventory model for decaying items using learning effect. Aggarwal et al (2017) [17] improved a fuzzy model under learning effect for deteriorating items. Patro et al (2018) [18] generalized a fuzzy based inventory model for imperfect items under the effect of learning.…”

Section: Literature Reviewmentioning

confidence: 99%

“…On the other hand, if he does not return all credit money up to a credit -period then the buyer will have to pay extra money to the seller and this extra money is known as interest paid (IP) and interest paid decreases the buyer's sale revenue. We can rewrite Equations ( 16) and (17)…”

Section: Mathematical Modelmentioning

confidence: 99%

A Supply Chain Model with Carbon Emissions and Preservation Technology for Deteriorating Items under Trade Credit Policy and Learning in Fuzzy

Alamri

2023

Mathematics

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In this study, a supply chain model is proposed with preservation technology under learning fuzzy theory for deteriorating items where the demand rate depends on the selling price and also treats as a triangular fuzzy number. The deterioration rate of any item cannot be eliminated due to its natural process, but it can be controlled with the help of preservation technology. Some harmful gases are emitted during the preservation process due to deteriorating items that harm the environment. In general, it can be easily seen that most of the sellers offer a trade credit policy to their regular buyers. In this paper, the retailer’s inventory stock reduces due to demand and deterioration. It is also assumed that some units are defective due to machine defects or delivery inefficiency. The retailer accepted the policy of trade credit offered by the seller. The aim of this paper is to enhance the profit of the supply chain partners. We proposed a theorem to get the optimal values of the selling price and cycle length. The retailer’s total profit is a function of selling price and cycle length, and the retailer’s total profit is optimized with respect to selling price and cycle length under trade-credit. Numerical examples are also presented for the validation of the present study, and sensitivity analysis is also discussed to know the robustness of the supply chain model. Managerial insight and observation have been given in the sensitivity section. Limitations and future work of this paper have been presented in the conclusion section.

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“…Further, Agarwal et al [30] proposed a model with learning and shortages for perishable items. Nobil et al [31] derived a production model with shortages and rework under inspection.…”

Section: Literature Review With Regard To Defective Items Inspection ...mentioning

confidence: 99%

An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect

et al. 2022

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We developed an economic order quantity (EOQ) model with a learning effect and carbon emissions under inflationary conditions and inspection for retailers where the items deteriorate naturally. Finally, the total profit of the retailer is maximized with respect to cycle length. A sensitivity analysis was also performed to understand the robustness of the model. In the sensitivity analysis, we discuss the impact of learning rate, inflation rate, and deterioration rate on lot size and length of the cycle, as well as the retailer’s entire profit function. Observations and managerial insights are discussed. The effect of inventory parameters on the total profit is shown in the sensitivity section.

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Optimal Policy for Non-Instantaneous Decaying Inventory Model with Learning Effect and Partial Shortages

Cited by 9 publications

References 25 publications

Carbon Tax and Inflationary Conditions under Learning Effects: A Green EOQ Inventory Model

Carbon Tax and Inflationary Conditions under Learning Effects: A Green EOQ Inventory Model

A Supply Chain Model with Carbon Emissions and Preservation Technology for Deteriorating Items under Trade Credit Policy and Learning in Fuzzy

An EOQ Model with Carbon Emissions and Inflation for Deteriorating Imperfect Quality Items under Learning Effect

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