In this research paper, an inventory model is developed that jointly optimises cost of manufacturer and retailer under buoyant market condition. Inventory in the system at all the stages, that is, raw material, finished goods at manufacturer's end and finished goods at retailer's end deteriorate at different rates. Proposed model also considers imperfect production processes. Partial backlogging is allowed only at the retailer's end. Model considers quadratically increasing demand to reflect the buoyant market condition. Model analytically establishes percentage gain by using integrated policy over independent decisions taken by manufacturer and retailer. At the end, a numerical example is given to illustrate theoretical results obtained. Sensitivity analysis is also carried out to validate theoretical findings.
- Inderscience Publishers
- Joint optimal production-inventory model with imperfect ...
The Case for an Integrated Quality Management and EHS System
By bringing together quality management and environmental health and safety (EHS), the integrated QEHS system is a powerful proposition that delivers a real return on investment over relatively short timescalesAs increasing numbers of organizations embrace the benefits of enterprise quality management systems, it’s only natural to consider other opportunities for greater automation of key functions and processes. One obvious contender is the organization’s environmental, health and safety (EHS)...
A framework for good biofilm reactor modeling practice (GBRMP)
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