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

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

doi:10.1007/s40819-015-0045-7

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

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

Department of Industrial Engineering

Research output: Contribution to journal › Article

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 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	https://doi.org/10.1007/s40819-015-0045-7
Publication status	Published - 2016 Mar 1

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All Science Journal Classification (ASJC) codes

Computational Mathematics
Applied Mathematics

Cite this

Sarkar, B., Sett, B. K., Roy, G., & Goswami, A. (2016). Flexible Setup Cost and Deterioration of Products in a Supply Chain Model. International Journal of Applied and Computational Mathematics, 2(1), 25-40. https://doi.org/10.1007/s40819-015-0045-7

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10.1007/s40819-015-0045-7