This paper deals with developing an inventory model for two warehouses. In today’s business era, there are various types of conditions such as discounts, bulk storage and seasonal products forcing the buyer to purchase the order more than owned warehouse capacity. To store the excess unit of purchase order, buyer arrange additional storage space called as rented warehouse. It is known that the demand of the seasonal products (as woolen garments) increases at the beginning of the season up to a certain time and then stabilizes to a constant rate for the remaining time of the season. The ramp type demand rate forces the buyer to store a higher quantity of the product at the beginning of the season. Most of the physical goods undergo decay or deterioration over time so we study deteriorating seasonal products in this paper. This two warehouse inventory model is developed with inflation and shortages. The model starts with rent warehouse, in first rent warehouse’s inventory level is depleted due to demand and deterioration. At this time own warehouse is depleted due to deterioration only. But after that the inventory level of owned warehouse is depleted due to both demand and deterioration. The shortages are considered in owned warehouse, which is partially backlogged. Numerical solution of the model is obtained to verify the optimal solution. Comprehensive sensitivity analysis has been carried out for showing the effect of variations in the parameters. The model is solved analytically by minimizing the total cost.

This study deals with an economic order quantity model to find out the optimal selling price and optimal ordering quantity for the products which deteriorates over time. The demand for the products depends on available stock level and selling price of the products. The shortages are allowed, and it is assumed that the occurring shortages are partially backlogged. Depending on the rate of backlogging two models are presented in this study. The first model assumes a constant rate of backlogging, while in second model the backlogging rate is assumed to be dependent on waiting time. Numerical example and sensitivity analysis are presented to illustrate the results of the proposed model.

A two warehouse production inventory model is developed for deteriorating items under reliability consideration. The effect of trade credit is considered under inflation. Since, formulating a suitable inventory model is one of the major concerns for an industry, the main objective of this paper is to optimize the total related cost for reliable production process. The model is illustrated through numerical example. The sensitivity analyses of the cost function are performed due to different measures and some managerial inferences are presented.

This paper discusses the application of the Taguchi method to optimize the machining parameters for machining of GFRP composite in drilling for individual responses such as thrust force and delamination factor. Moreover, a multi-response performance characteristic is used for optimization of process parameters with application of grey relational analysis. An orthogonal array (L9), grey relational generation, grey relational coefficient and grey – fuzzy grade obtained from the grey relational analysis applied as performance index to solve the optimization problem of drilling parameters for GFRP composite. Taguchi orthogonal array, the signal-to-noise ratio, and the analysis of variance are used to investigate the optimal levels of cutting parameters. The confirmation tests are conducted to verify the results and it is observed that grey-fuzzy approach is efficient in determining the optimal cutting parameters.

This paper addresses a multi items volume flexible system for time dependent decaying items with the concept of machine breakdown and imprecise environment. In this study, partially backlogged shortages have been discussed. All the costs are fuzzified with signed distance method. Numerical examples are given to illustrate the theoretical results and sensitivity analysis is given to validate the results for various parameters.

This paper presents an alternate technique based on fuzzy goal programming (FGP) approach to solve multi-objective programming problem with fuzzy relational equations (FREs) as constraints. The proposed technique is more efficient and requires less computational work than that of algorithm suggested by Jain and Lachhwani (2009) [Jain, & Lachhwani (2009). Multiobjective programming problem with fuzzy relational equations. International Journal of Operations Research, 6(2), 55?63.]. In FGP formulation, objectives are transformed into the fuzzy goals using maximum and minimal solutions elements of FREs feasible solution set. A pseudo code computer algorithm is developed for computation of maximum solution of FREs. Suitable linear membership function is defined for each objective function. Then achievement of the highest membership value of each of the fuzzy goals is formulated by minimizing the sum of negative deviational variables. The aim of this paper is to present a simple and efficient solution procedure to obtain compromise optimal solution of multiobjective optimization problem with FREs as constraints. A comparative analysis is also carried out between two methodologies based on numerical examples.

The paper presents the development of flank wear model in turning hardened EN 24 steel with PVD TiN coated mixed ceramic insert under dry environment. The paper also investigates the effect of process parameter on flank wear (VBc). The experiments have been conducted using three level full factorial design techniques. The machinability model has been developed in terms of cutting speed (v), feed (f) and machining time (t) as input variable using response surface methodology. The adequacy of model has been checked using correlation coefficients. As the determination coefficient, R2 (98%) is higher for the model developed; the better is the response model fits the actual data. In addition, residuals of the normal probability plot lie reasonably close to a straight line showing that the terms mentioned in the model are statistically significant. The predicted flank wear has been found to lie close to the experimental value. This indicates that the developed model can be effectively used to predict the flank wear in the hard turning. Abrasion and diffusion has been found to be the dominant wear mechanism in machining hardened steel from SEM micrographs at highest parametric range. Machining time has been found to be the most significant parameter on flank wear followed by cutting speed and feed as observed from main effect plot and ANOVA study.

In this paper, we develop a two-warehouse imperfect production model under two cases: (i) model starts with shortages (ii) model ends with shortages. Most of the researchers proposed the models for perfect items but we develop for imperfect quality items, which is very realistic. Demand is taken as time dependent and dependent on the production. Holding cost in rented warehouse (RW) is greater than own warehouse (OW). Deterioration is taken as Weibull distribution in both OW and RW. Shortages are allowed and partially backlogged. The effect of learning on production cost is also considered. Learning from one cycle to other cycle, improve the efficiency of the organization. A numerical example including the sensitivity analysis is given to validate the results of the production-inventory model.

In recent years, major challenges such as, increase in inflexible consumer demands and to improve the competitive advantage, it has become necessary for various industrial organizations all over the world to focus on strategies that will help them achieve cost reduction, continual quality improvement, increased customer satisfaction and on time delivery performance. As a result, selection of the most suitable and optimal facility location for a new organization or expansion of an existing location is one of the most important strategic issues, required to fulfill all of these above mentioned objectives. In order to sustain in the global competitive market of 21st century, many industrial organizations have begun to concentrate on the proper selection of the plant site or best facility location. The best location is that which results in higher economic benefits through increased productivity and good distribution network. When a choice is to be made from among several alternative facility locations, it is necessary to compare their performance characteristics in a decisive way. As the facility location selection problem involves multiple conflicting criteria and a finite set of potential candidate alternatives, different multi-criteria decision-making (MCDM) methods can be effectively applied to solve such type of problem. In this paper, four well known MCDM methods have been applied on a facility location selection problem and their relative ranking performances are compared. Because of disagreement in the ranks obtained by the four different MCDM methods a final ranking method based on REGIME has been proposed by the authors to facilitate the decision making process.

Timely identification of newly emerging trends is needed in business process. Data mining techniques like clustering, association rule mining, classification, etc. are very important for business support and decision making. This paper presents a method for redesigning the ordering policy by including cross-selling effect. Initially, association rules are mined on the transactional database and EOQ is estimated with revenue earned. Then, transactions are clustered to obtain homogeneous clusters and association rules are mined in each cluster to estimate EOQ with revenue earned for each cluster. Further, this paper compares ordering policy for imperfect quality items which is developed by applying rules derived from apriori algorithm viz. a) without clustering the transactions, and b) after clustering the transactions. A numerical example is illustrated to validate the results.