Inventory Models for Imperfect Quality Items: A Two-Decade Review

Gautam, Prerna; Maheshwari, Sumit; Kausar, Amrina; Jaggi, Chandra K.

doi:10.1007/978-981-16-0037-1_16

Cited by 17 publications

(4 citation statements)

References 106 publications

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“…Moreover, the demand is not constant, it depends on the level of advertisement and selling price. Gautam et al [49] presented a two-decade literature review over the period from 2000 up to 2020; the scientific contributions considered an imperfect-quality item for EOQ or EPQ models. In addition, Karim and Nakade [50] reviewed the literature by focusing on the integration of EPQ, carbon emissions, and recycling.…”

Section: Literature Reviewmentioning

confidence: 99%

A Novel Model for Economic Recycle Quantity with Two-Level Piecewise Constant Demand and Shortages

Attia,

Miah,

Arif

et al. 2024

Computation

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This paper focuses on the production systems that may produce a proportion of recyclable defective products. The developed model is called an Economic Recycle Quantity (ERQ) model with the assumption of a full recovery of defective items. The defective parts are collected during the production-off time and can be used during the next production cycle of the same category. The demand rate of the non-defective items is a two-level piecewise factor—one during the production-run time and another during the production-off time. The developed model aims to optimize the total inventory cost, the order quantity, and the amount of recyclable defective items that represent the ERQ. The mathematical formulations of the model are deduced theoretically. The model was solved analytically, and the optimal results are illustrated. Sensitivity analysis is carried out to investigate the effect of varying system parameters and validate the proposed model. Results of the sensitivity analysis show that the consideration of defective part recycling reduces the total inventory cost where the raw material is reduced. The cost reduction is about 1%; of course, the environmental impact is more appreciated. Furthermore, the managerial implications are described, and the future perspectives are discussed.

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Section: Literature Reviewmentioning

confidence: 99%

A Novel Model for Economic Recycle Quantity with Two-Level Piecewise Constant Demand and Shortages

Attia,

Miah,

Arif

et al. 2024

Computation

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“…In 1992, Goyal and Deshmukh [6] examined 39 works published from 1976 to 1992 on the IPP topic. Several systematic literature reviews on the supply chain have recently been published, together with inventory models for low-quality items [1], consequence and supply chain disruption management [7], empirical model and numerical simulations of the huge influence [8], and the role of big data analytics in supply chain management [9]. Following Goyal and Deshmukh's evaluations, there are no studies on IPP concerns.…”

Section: Literature Reviewmentioning

confidence: 99%

“…To this end, such creations (i.e., performance, quality, cost, innovation, delivery, and flexibility) need an organization's capability to manage the flow of data, materials, and funds internally or externally. Such a flow is considered a supply chain [1]. erefore, supply chain management (SCM) is a crucial factor for companies.…”

Section: Introductionmentioning

confidence: 99%

Providing a Multiproduct and Multiperiodic Model for Closed‐Loop Green Supply Chain under Conditions of Uncertainty Based on a Fuzzy Approach for Solving Problem of Business Market

Lagzaie

Hamzehee

2022

Complexity

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Many organizations must adjust their supply chains and business environments to remain competitive and retain market share. However, despite the benefits of such developments for organizations, they can lead to supply chain disruptions in many cases. An essential aspect of modern organizations is closed-loop supply chain management, which reduces risk by coordinating processes. This paper presents a mathematical model of a closed-loop green supply chain under uncertain conditions. A detailed description of the model and current assumptions for a specific industry are provided. Consequently, the model is developed with several relevant objectives for the design of the network. Our proposed model has the following characteristics: being multiobjective, multiproduct, and multiperiodic. Our analysis indicates that the applied model can be used both to increase profitability and to reduce environmental damage. The problem was made more uncertain using fuzzy logic. Torabi and Hassini (TH) method is combined with Jiménez’s proposed method to solve the problem.

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“…Glock and Grosse (2021) presented a systematic review of inventory models with controllable production rates. Gautam et al (2021) presented an extensive literature review, based on the papers that considered the effect of imperfect quality items in inventory replenishment or production models. Mosca et al (2019) reviewed Integrated Transportation-Inventory (ITI) models developed over the last two decades for various supply chain configurations.…”

Section: Introductionmentioning

confidence: 99%

Effect of credit financing on the supply chain for imperfect growing items

Sharma

Mittal

2022

RAIRO-Oper. Res.

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Several EOQ models have developed over time to guarantee that the appropriate quantity of inventory is ordered in every batch, so that a firm does not have to place orders too frequently or have an excess of inventory on hand. Inventory management, or the inspection of the ordering, storing, and utilization of a company's inventory, necessitates the use of EOQ models. This paper aims at developing an EOQ model when the supplier offers the trade credit policy to the buyer, for a particular class of items that is, growing items. However, it is not always necessary for all goods to be of perfect quality. There may also be some defective goods. Keeping this in mind, a wide-ranging scientific model has been intended, followed by a specific numerical model which is represented with the help of numerical examples. Sensitivity research is presented to assess the influence of the model's key factors taking into consideration it’s decision variables and the objective function.

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Inventory Models for Imperfect Quality Items: A Two-Decade Review

Cited by 17 publications

References 106 publications

A Novel Model for Economic Recycle Quantity with Two-Level Piecewise Constant Demand and Shortages

A Novel Model for Economic Recycle Quantity with Two-Level Piecewise Constant Demand and Shortages

Providing a Multiproduct and Multiperiodic Model for Closed‐Loop Green Supply Chain under Conditions of Uncertainty Based on a Fuzzy Approach for Solving Problem of Business Market

Effect of credit financing on the supply chain for imperfect growing items

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