Supply chain model for deteriorating products with advanced preservation policy

Muhammad Waqas Iqbal, Biswajit Sarkar, Mitali Sarkar, Rekha Guchhait, Suman Kalyan Sardar

Research output: Contribution to journalConference article

Abstract

This study presents a two-echelon supply chain model for short life deteriorating products with an application of preservation technology. Various preservation policies have been defined to improve the lifetime of deteriorating products. The recent innovations in this regards include several types of preservation technologies to reduce the deterioration rate. Use of such technologies increases the supply chain profit of such fixed lifetime products. Unlike several researchers, who proposed a continuous reduction in rates of deterioration with investment in the preservation technology, this study focuses on more real circumstances by proposing model of such a preservation policy that improves lifetime of a product and minimizes the effects of deterioration in such a way that magnitude of decrease in deterioration reduces for additional investment in the preservation technology. The model is validated with numerical example. The implication of investment in preservation technology is illustrated by evaluating increasing value in product's lifetime and the profit which authenticates the proposed model.

Original languageEnglish
Pages (from-to)1544-1555
Number of pages12
JournalProceedings of the International Conference on Industrial Engineering and Operations Management
Volume2018
Issue numberJUL
Publication statusPublished - 2018 Jan 1
Event2nd European International Conference on Industrial Engineering and Operations Management.IEOM 2018 -
Duration: 2018 Jul 262018 Jul 27

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All Science Journal Classification (ASJC) codes

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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