Random misplacement and production process reliability: A sustainable industrial approach to deal with the discrepancy and deficiency
نویسندگان
چکیده
Inventory inaccuracy emerges as a significant management issue, leading to profit losses within the supply chain network. This study focused on randomly misplaced inventory. Here an integrated inventory model has been constructed with two-stage production two manufacturing units. The first manufacturer produces semi-finished goods, while second finished items. reliability becomes concern if manufacturer's capacity is higher than that of one. Hence, process considered make more realistic. Proper handling used products for sustainability purposes, and these items are either remanufactured or repaired. bears stock out, supposed deal absence material. Moreover, repairing may be cost-effective remanufacturing, opts repair remaining resell them in secondary market. discrepancy resulted two-way loss retailer, it reduced product's business accessibility built up holding cost It investigated stochastic misplacement at retailer's end, following kind's beta distribution. Idle time costs have also considered. An analytical approach uses derive best policy provided model, numerical analysis illustrates managerial perspicacity. model's limitations discussed, linear relationship between minimum selling price using curve fitting least square method.
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ژورنال
عنوان ژورنال: Journal of Industrial and Management Optimization
سال: 2023
ISSN: ['1547-5816', '1553-166X']
DOI: https://doi.org/10.3934/jimo.2022151