An Investigation of a Supply Chain Model for Co-Ordination of Finished Products and Raw Materials in a Production System under Different Situations

Dharamender Singh, Anurag Jayswal, Majed G. Alharbi and Ali Akbar Shaikh
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Dharamender Singh: Department of Mathematics & Computing, Indian Institute of Technology (Indian School of Mines), Dhanbad 826004, Jharkhand, India
Anurag Jayswal: Department of Mathematics & Computing, Indian Institute of Technology (Indian School of Mines), Dhanbad 826004, Jharkhand, India
Majed G. Alharbi: Department of Mathematics, College of Science and Arts, Almithnab, Qassim University, Buridah 51931, Saudi Arabia
Ali Akbar Shaikh: Department of Mathematics, The University of Burdwan, Burdwan 713104, West Bengal, India

Sustainability, 2021, vol. 13, issue 22, 1-25

Abstract: In the production system, the production of a perfect item is essential for existing competitive market situations. To produce a perfect finished product, the quality of a raw material is a crucial issue of a production system. This paper has examined this issue with an insightful production-inventory model of the manufacturer of a deteriorating item selling goods to multiple markets with different selling seasons. We have provided an answer strategy to track down the optimal production plan for raw materials and the ideal creation plan for completed items. Transportation cost was incorporated for transporting the raw material. Marketing of the finished product is another crucial factor for selling products and earning revenues. The main objective of the present study is to adopt a production model in inventory for inferring request capacities for multi-item, multi-outlet circumstances. As of late, much accentuation has been given to the consideration of the control and support of creation inventories of disintegrating things. The demand rate is persistent and holding cost is a direct function of time. This paper has followed an analytical approach to diminish the entire inventory cost. Finally, a sensitivity analysis was performed to study the effect of changes of different parameters of the model on the optimal policy. Moreover, in order to approve the determined models, we have clarified mathematical models and examined affectability.

Keywords: supply chain; finish product; deteriorating items; time-dependent holding cost; multiple market demand; preservation technology (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
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