Study on Supply Chain Model with Stochastic Demand, Rework, Trade-credit, Variable Transportation Cost and Lead-time Dependent Ordering Cost Reduction

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Study on Supply Chain Model with Stochastic Demand, Rework, Trade-credit, Variable Transportation Cost and Lead-time Dependent Ordering Cost Reduction

August 24, 2021 Engineering 0

This research looks on a vendor-buyer supply chain system with a regularly distributed lead time demand. Imperfect production and defective rework are taken into account. The reduction of lead time and the cost of ordering are interdependent. Variable transportation costs and trade-credit financing are also taken into account. The goal of this study is to optimise the combined predicted total profit by giving an interdependent lead-time and ordering-cost reduction technique, as well as determining the Number of deliveries, lead time, order lot size, ordering cost, and lead-time crashing cost are all optimal numbers. To establish the model, a suitable solution algorithm and a numerical example are presented.

Author (S) Details

Dr. Monami Das Roy
Department of Mathematics, Haldia Government College, Vidyasagar University, Purba Medinipur – 721657, West Bengal, India.

View Book :- https://stm.bookpi.org/NAER-V9/article/view/2824

 

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