Abstract
One of the economic production quantity problems that have been of interest to researchers is the production with reworking of the imperfect items including waste most disposal form and vending the units. The available models in the literature assumed that the decay rate of the items is satisfied from three different points of view: (i) minimum demands of the customer’s requirement, (ii) demands to be enhanced for lower selling price and (iii) demands of the customers who are motivated by the advertisement. The model is developed over a finite random planning horizon, which is assumed to follow the exponential distribution with known parameters. The model has been illustrated with a numerical example, whose parametric inputs are estimated from market survey. Here the model is optimized by using a population varying genetic algorithm.
Sign-in/Register to access full text options 
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 callDisclaimer: 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.
