Abstract

In this paper, we study the inventory model for defective items with trapezoidal type demand rate. This paper develops a model to determine the optimal product reliability and production rate that achieves the biggest total integrated profit for an imperfect manufacturing process and necessary and sufficient conditions for optimality of the dynamic variables are given. The Euler–Lagrange method is used to obtain optimal solutions for product reliability parameter and dynamic production rate. Finally, numerical examples are presented to illustrate the proposed model. Suggestions for further research are provided.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.