An Integrated Imperfect Production-Inventory Model with Lot-Size-Dependent Lead-Time and Quality Control

Conference paper
First Online:
Part of the Springer Proceedings in Mathematics & Statistics book series (PROMS, volume 225)

Abstract

In this article, an integrated single-vendor single-buyer production-inventory model with stochastic demand and imperfect production process is investigated. The lead-time is assumed to be dependent on the lot-size and a fixed delay due to non-productive times. A methodology is developed to derive the optimal vendor investment required to reduce the defect rate and thereby minimize the total cost of the integrated system. Under the n-shipment policy, an algorithm is proposed so as to minimize the expected integrated total cost and determine the optimal values of the number of shipments, lot-size, safety stock factor, and percentage of defectives. Numerical results are used to illustrate the effect of various parameters on the system.

Keywords

Economic order quantity Integrated model Imperfect production Process quality Variable lead-time 
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Copyright information

© Springer Nature Singapore Pte Ltd. 2018

Authors and Affiliations

  1. 1.Department of MathematicsTechno India UniversityKolkataIndia

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