Green supply chain inventory model for deteriorating items with variable demand under inflation

Rani, Smita; Ali, Rashid; Agarwal, Anchal

doi:10.1504/ijbfmi.2017.082548

Cited by 9 publications

(8 citation statements)

References 23 publications

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“…Also, the total cost of the system was susceptible towards the rate of inflation r. The production time and the total cost both decreased with the reduction of the inflation rate. This result is quite apparent, and it is similar to the finding of the studies [16], [17], [18]. Furthermore, with the increase in the production cost, the production time decreased.…”

Section: Resultssupporting

confidence: 88%

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Cost Minimization Policy for Manufacturer in a Supply Chain Management System with Two Rates of Production under Inflationary Condition

Saha¹,

Chakrabarti

2020

JTI

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This article presents a production inventory model for deteriorating goods with two different rates of production. The manufacturer starts manufacturing the items at a lower rate to avoid a huge investment at the initial stage and reduce the products' holding cost. However, when the stock level reaches a prefixed level, he switches on to a higher production rate to avoid shortage caused by an insufficient stock of the items. Moreover, the impact of inflation and the time value of money on the manufacturing system’s cost is considered here, which harms any business by reducing the value of an investment with time. We determined the optimum production times at both the low and high production rates by minimizing the system's total cost. Numerical examples illustrated the applicability of this proposed model. Sensitivity analysis studied the effect of changes in the parameters associated with this model on the optimal decision variables. This numerical experiment was done in LINGO 18.0 software. Results showed that the production strategy taken by the manufacturer helped reduce his total cost.

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Section: Resultssupporting

confidence: 88%

“…They formulated this model as an optimal control problem and found a negative impact of inflation on the system's profit. Some other studies [16], [17], [18] also find a rise in the production cost with the increase in the inflation rate.…”

Section: Introductionmentioning

confidence: 76%

Cost Minimization Policy for Manufacturer in a Supply Chain Management System with Two Rates of Production under Inflationary Condition

Saha¹,

Chakrabarti

2020

JTI

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“…Saxena et al [37] determined a CLSC model with remanufacturing for the buyer/supplier. Rani et al [27] established a CLSC model for decline items that took inflation and remanufacturing into account. Rani et al [29] created a model that considered remanufacturing and learning effects.…”

Section: Literature Reviewmentioning

confidence: 99%

“…During manufacturing and remanufacturing, the production rate exceeds the rate of demand. In the beginning, the stock level is zero during manufacturing and remanufacturing (Rani et al [27]). 4.…”

Section: Assumptionsmentioning

confidence: 99%

Manufacturing/remanufacturing based supply chain management under advertisements and carbon emissions process

et al. 2022

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One of the most successful ways to get the word out about a product's popularity across all types of customers is through advertising. It has a valuable direct influence on increasing product demand. The supply chain model is developed for manufacturer and retailer, where advertisements are dependent on demand. The advertisement rate has been considered a function that has enhanced at a diminishing rate concerning time, although the growth rate slowed. During the manufacturing cycle, the market's demand is a function of advertisement, and the customer's demand is a linear function of time. The production rate exceeds the demand rate during manufacturing and remanufacturing; shortages are not faced. It involves a manufacturing/remanufacturing process that quickly delivers consumer products and less waste. To keep the environment clean, the cost of carbon emissions is incorporated into the manufacturer's and supplier's holding and degrading costs. The model's primary purpose is to minimize the overall cost of manufacturing and remanufacturing. The overall cost during the manufacturing cycle is higher than that during the remanufacturing cycle. This study confirms that the increasing cost of advertising provides the continuous increasing value of the total cost. A numerical example is provided, graphical representation and sensitivity analysis determine the function's behavior and test the model.

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“…In [1], the authors represented supply chain inventory model with inflation for time quadratic demand and deterioration. In [31], the authors developed an inventory model for deteriorating products considering inflation in a green supply chain for remanufacturing and recycling. Also a fuzzified model was developed by [32].…”

Section: Introductionmentioning

confidence: 99%

Green Inventory Supply Chain Model with Inflation under Permissible Delay in Finite Planning Horizon

Saxena¹,

Singh²,

Gupta³

et al. 2019

Adv. sci. technol. eng. syst. j.

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Trade credit is an important cost reduction tool in the inventory management. The effect of trade credit is studied on the integrated system for sharing the cost benefits realized due to the permissible delay. Credit term factor is introduced to divide the cost benefits between the retailer and the supplier. The various costs in the inventory model are subjected to the same inflation rate. This research paper revisits EOQ model for remanufacturing process under green supply chain with the permissible delay available to the retailer. Numerical examples prove that the optimal reordering schedule exists and is unique. Also sensitivity analysis is performed on certain parameters to ascertain their logical implications.

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Green supply chain inventory model for deteriorating items with variable demand under inflation

Cited by 9 publications

References 23 publications

Cost Minimization Policy for Manufacturer in a Supply Chain Management System with Two Rates of Production under Inflationary Condition

Cost Minimization Policy for Manufacturer in a Supply Chain Management System with Two Rates of Production under Inflationary Condition

Manufacturing/remanufacturing based supply chain management under advertisements and carbon emissions process

Green Inventory Supply Chain Model with Inflation under Permissible Delay in Finite Planning Horizon

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