Study of Imperfect Manufacturing System with Preservation Technology Investment Under Inflationary Environment for Quadratic Demand: A Reverse Logistic Approach

Abstract

This paper focuses on imperfect manufacturing system with remanufacturing, manufacturing and product returned cycle for a single item which deteriorates with respect to time. The product has maximum fixed lifetime. To decrease deterioration of the product, manufacturer spends capitals on preservation technology to preserve the item. In this paper, the effect of inflation is also considered. Here, time-dependent quadratic demand is debated which is suitable for the products whose demand increases initially and afterward it starts to decrease. The objective is to minimize the total cost of manufacturer with respect to cycle time and investment for preservation technology. The model is supported with numerical example. Sensitivity analysis is done to derive insights for decision makers. Graphical result, in three dimensions, is exhibited with supervisory decision.