In todays global market every body want to buy products of high level quality and to achieve a high level product quality supplier have to invest in improving reliability of production process. In present article we have studies reliable production process with stock dependent unit production and holding cost. Demand is exponential function of time and infinite production process with non-instantaneous deterioration rate are considered in this paper. Whole study has been done under the effect of trade credit. The main objective of this paper is to optimize the total relevant cost for reliable production process. Numerical example and sensitivity analysis is given at the end of this paper.Keywords: Infinite production, Deterioration, Trade credit, Reliability, Inflation.
Literature ReviewIn classical inventory models quality of produced items are assumed to be good. Whereas it is not always true. The quality of items directly or indirectly related to the production process. So now a day many organizations have started to invest in improving the reliability of production process. Recently researchers have started to concentrate on this concept. For the review we can go through the work of The unit production cost is directly or indirectly related to the order quantity. Cheng (1989, 1991), Kotb (1998)