Flexible Setup Cost and Deterioration of Products in a Supply Chain Model

Biswajit Sarkar, Bimal Kumar Sett, Gargi Roy, Adrijit Goswami

Research output: Contribution to journalArticle

10 Citations (Scopus)

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 languageEnglish
Pages (from-to)25-40
Number of pages16
JournalInternational Journal of Applied and Computational Mathematics
Volume2
Issue number1
DOIs
Publication statusPublished - 2016 Mar 1

All Science Journal Classification (ASJC) codes

  • Computational Mathematics
  • Applied Mathematics

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