Abstract
Product reliability is of significant importance in today’s technological world. People rely more and more upon the sustained functioning of machinery and complex equipments for purposes such as health, economic welfare, safety, to name just a few. Thus, in a business arena, it is critical to assess the reliability of new products. In this model, a two echelon supply chain model with variable setup cost and deterioration cost are analyzed. The setup cost is directly proportional and the deterioration rate is inversely proportional to reliability. Algebraical procedure has been employed to obtain the optimal solution of this model. The objective is to minimize the total cost of the entire system by considering reliability as a decision variable. Some numerical examples, sensitivity analysis, and graphical representations are considered to illustrate the model.
| Original language | English |
|---|---|
| Pages (from-to) | 25-40 |
| Number of pages | 16 |
| Journal | International Journal of Applied and Computational Mathematics |
| Volume | 2 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2016 Mar 1 |
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All Science Journal Classification (ASJC) codes
- Computational Mathematics
- Applied Mathematics
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Flexible Setup Cost and Deterioration of Products in a Supply Chain Model. / Sarkar, Biswajit; Sett, Bimal Kumar; Roy, Gargi; Goswami, Adrijit.
In: International Journal of Applied and Computational Mathematics, Vol. 2, No. 1, 01.03.2016, p. 25-40.Research output: Contribution to journal › Article
TY - JOUR
T1 - Flexible Setup Cost and Deterioration of Products in a Supply Chain Model
AU - Sarkar, Biswajit
AU - Sett, Bimal Kumar
AU - Roy, Gargi
AU - Goswami, Adrijit
PY - 2016/3/1
Y1 - 2016/3/1
N2 - Product reliability is of significant importance in today’s technological world. People rely more and more upon the sustained functioning of machinery and complex equipments for purposes such as health, economic welfare, safety, to name just a few. Thus, in a business arena, it is critical to assess the reliability of new products. In this model, a two echelon supply chain model with variable setup cost and deterioration cost are analyzed. The setup cost is directly proportional and the deterioration rate is inversely proportional to reliability. Algebraical procedure has been employed to obtain the optimal solution of this model. The objective is to minimize the total cost of the entire system by considering reliability as a decision variable. Some numerical examples, sensitivity analysis, and graphical representations are considered to illustrate the model.
AB - Product reliability is of significant importance in today’s technological world. People rely more and more upon the sustained functioning of machinery and complex equipments for purposes such as health, economic welfare, safety, to name just a few. Thus, in a business arena, it is critical to assess the reliability of new products. In this model, a two echelon supply chain model with variable setup cost and deterioration cost are analyzed. The setup cost is directly proportional and the deterioration rate is inversely proportional to reliability. Algebraical procedure has been employed to obtain the optimal solution of this model. The objective is to minimize the total cost of the entire system by considering reliability as a decision variable. Some numerical examples, sensitivity analysis, and graphical representations are considered to illustrate the model.
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UR - http://www.scopus.com/inward/citedby.url?scp=85007384850&partnerID=8YFLogxK
U2 - 10.1007/s40819-015-0045-7
DO - 10.1007/s40819-015-0045-7
M3 - Article
AN - SCOPUS:85007384850
VL - 2
SP - 25
EP - 40
JO - International Journal of Applied and Computational Mathematics
JF - International Journal of Applied and Computational Mathematics
SN - 2349-5103
IS - 1
ER -