Smart production system with random imperfect process, partial backordering, and deterioration in an inflationary environment

HIGHLIGHTS

  • who: Dharmendra Yadav et al. from the Department of Mathematics, Vardhaman College, Bijnor, UP, India Department of Industrial Engineering, Yonsei University, Yonsei-ro, Sinchon-dong, Seodaemun-gu have published the research work: Smart Production System with Random Imperfect Process, Partial Backordering, and Deterioration in an Inflationary Environment, in the Journal: Mathematics 2023, 11, 440. of /2023/
  • what: Under the influence of inflation this study proposes a production-inventory model with partial backlogging and an imperfect manufacturing process where the deterioration rate is constant. The aim of this study is to reduce total inventory costs as . . .

     

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