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 ...
DOE Announces $22.7 million funding opportunity for integrated biorefinery optimization
On January 6, 2017, the U.S. Department of Energy (DOE) and USDA announced a $22.7 million funding opportunity to support integrated biorefinery (IBR) optimization, with DOE providing up to $19.8 million and USDA’s National Institute of Food and Agriculture (NIFA) providing up to $2.9 million. To date, there are only a limited number of pioneer-scale commercial IBRs in the early stages of start-up and production, due to the technical and non-technical challenges associated with the reliable and continuous...
How much will a zero liquid discharge system cost your facility?
With increasing stewardship of environmental protection, both nationally and internationally, many industrial facilities and effluent regulators are strengthening strategies to reduce industrial process waste by implementing zero liquid discharge (ZLD), a process that limits liquid waste at the end of your industrial process to—as the term suggests—zero. A more recent example of how ZLD is being recommended for tightening effluent regulations is the new mandates passed by the U.S. Environmental...
How data and analytics are keeping Philly’s water safe
CH2M assisted Philadelphia to implement a Surveillance and Response System (SRS) demonstration project under the U.S. Environmental Protection Agency’s (EPA’s) Water Security Initiative. CH2M Global Director Smart Cities and Senior Technology Fellow Dr. Avinash S. Patwardhan and Ken Thompson, CH2M Deputy Director Intelligent Water Solutions and Senior Technology Fellow, identify how big data was used in Philadelphia in order to keep water safe. Big data, analytics and city operationsCity operators...
5 Reasons to automate a Process Development Lab
5 Reasons why you should automate a Process Development Lab Higher throughput Increased success rate Reduced resource requirement Improved technical transfer and scale-up readiness Significant Return on Investment We can show how a networked PD and/or MSAT lab bioreactor automation system can dramatically improve lab productivity, increase experimental run success rate, reduce resource requirements, and significantly enhance data packages for technical transfer and scale-up readiness, and/or scale-down...
Tips to maintain your HPLC & UHPLC systems and columns
Recently, Ade Kujore (Cecil Instruments), Tracie Brombos (GenTech Scientific) and I were asked by Angelo De Palma, a well-respected writer for Lab Manager magazine, to contribute to an article about maintaining and caring about your laboratory instruments. Here are my tips/best practices for column and HPLC/UHPC/UPLC system maintenance. Maintaining your LC columns Proper storage of HPLC columns will increase longevity and performance. For long-term storage, it is best to follow manufacturer’s recommendatio...