Ordering Cost Depletion in Inventory Policy with Imperfect Products and Backorder Rebate

This study presents an inventory model for imperfect products with depletion in ordering costs and constant lead time where the price discount in the backorder is permitted.The imperfect products are refused or modified or if they reached to the customer,returned and thus some extra costs are experienced.Lately some of the researchers explicitly present on the significant association between size of lot and quality imperfection.In practical situations,the unsatisfied demands increase the period of lead time and decrease the backorders.To control customers'problems and losses,the supplier provides a price discount in backorders during shortages.Also,an order’s policies may result in including some imperfect products in arrival lots.A discount on price may be offered by the supplier on the out-of-stock products to manage the backorder problems.The study aims to develop a model with imperfect products by permitting the price discount in backorders,and the cost of ordering is considered a decision variable.First,it is assumed that the demand for lead time is followed by a normal distribution and then stops it and assumed that the first two moments of demand for lead time are known.Further,the minimax distribution method is used to solve this model,and a separate algorithm is designed.In this study,two models are discussed with and without a normally distributed rate of demand.The current study verified with the help of some numerical examples over various model parameters.

A single-manufacturer multi-retailer sustainable reworking model for green and environmental sensitive demand under discrete ordering cost reduction

This paper develops an economic production quantity(EPQ)model for a singlemanufacturer multi-retailer(SMMR)production and reworking system with green and environmental sensitive customer demand.The minimum cost of the manufacturer has obtained under carbon emissions(CE)policies and discrete ordering cost reduction.The model is used to optimize the total number of shipments,greening investment level,environmental measure,and lot size for productions and rework.This research work determines that the manufacturer’s and retailer’s profits will be increased after considering the environmental and green dependent demand of customers.Further,the development of green and environmental demand is proposed to minimize the CE and maximize the demand for the customers.In the existing literature,no discrete investment is developed for reducing the cost of ordering for the retailer/buyer.However,in this paper,we have introduced it.We provide numerical examples to explain the models and determine the significance of model parameters.

A LIMITED ORDER CAPACITY STOCHASTIC INVENTORY MODEL WITH A FIXED COST FOR ORDER: THE DISCOUNTED CASE

This paper considers a single-item, periodic-review inventory model with linear ordercosts, a convex function representing expected one-period costs, nonegative i.i.d. demandsand a fixed cost for order. Stockouts are backordered. All data are stationary Both finiteand infinite horizon problems are treated.