In the current global economic scenario, inflation plays a vital role in deciding optimal pricing of goods in any business entity. This paper develops a two-echelon (manufacturer-buyer) supply chain model taking into account inflation and time value of money. The present value of the total cost of the supply chain is derived when the manufacturer produces a number of lots, the sum of which is equal to the buyer’s total demand over a finite time horizon and the manufacturer’s each production lot is delivered to the buyer in n shipments. The optimal solution of the model is obtained for a numerical example after some adjustments (required to exhibit feasibility) in the derived solution. Sensitivity analysis is also carried out in order to examine the effects of changes in model-parameters on the optimal solution.

This paper presents the experimental study, development of mathematical model and parametric optimization for surface roughness in turning D2 steel using TiN coated carbide insert using Taguchi parameter design and response surface methodology. The experimental plan and analysis was based on the Taguchi L27 orthogonal array taking cutting speed (v), feed (f) and depth of cut (d) as important cutting parameters. The influence of the machining parameters on the surface finish has also been investigated and the optimum cutting condition for minimizing the surface roughness is evaluated. The optimal parametric combination for TiN coated cutting insert is found to be v3-f1-d3. The ANOVA result shows that feed the most significant process parameter on surface roughness followed by depth of cut. The cutting speed is found to be insignificant from the study. The RSM model shows good accuracy between predicted values and experimental values with 95% confidence intervals and adequate. It is concluded that the developed RSM model can be effectively utilized to predict the surface roughness in turning D2 steel.

Industrial robots are mainly employed to perform repetitive and hazardous production jobs, multi-shift operations etc. to reduce the delivery time, improve the work environment, lower the production cost and even increase the product range to fulfill the customers’ needs. When a choice is to be made from among several alternative robots for a given industrial application, it is necessary to compare their performance characteristics in a decisive way. As the industrial robot selection problem involves multiple conflicting criteria and a finite set of candidate alternatives, different multi-criteria decision-making (MCDM) methods can be effectively used to solve such type of problem. In this paper, ten most popular MCDM methods are considered and their relative performance are compared with respect to the rankings of the alternative robots as engaged in some industrial pick-n-place operation. It is observed that all these methods give almost the same rankings of the alternative robots, although the performance of WPM, TOPSIS and GRA methods are slightly better than the others. It can be concluded that for a given industrial robot selection problem, more attention is to be paid on the proper selection of the relevant criteria and alternatives, not on choosing the most appropriate MCDM method to be employed.

The paper discusses about the effect of outliers and trends on the response surface design fitted to the experiments results. The common way to analyze the response surface is to fit the polynomial regression to the response variable by ordinary least square method and to find the significant controllable variables by ANOVA. In this case, the outliers can have confusing effect on the regression model, which derives the experiment results and lead to wrong interpretation of the data. The proposed moving average iterative method (MAIW) of this paper is a robust approach to decrease the effect of these faulty points by considering the previous data to detect the outliers or detect the probable trends in residuals. The iterative weighting method is used to estimate the coefficients of the regression model and a numerical example illustrates the proposed approach.

One of the primary issues in line balancing problems is the uncertainty associated with the processing times. There are different reasons for having uncertain processing times such as task deterioration, failure in machines, etc. On the other hand, there are different objectives, such as cycle time, number of workstations in an assembly line balancing. In this paper, we present a multi-objective decision making assembly line balancing which minimizes different objectives such as cycle time and number of workstations. The resulted problem is formulated based on Lp-norm mixed integer programming and a meta-heuristic approach is also presented to solve the resulted model. The problem formulation is solved for some test examples and the results are discussed under different conditions.

The XPRESS project introduces a completely new scalable concept of a manufactronic networked factory, which is composed by a co-ordinated team of specialized autonomous objects (Manufactrons), each knowing how to do a certain process optimally. This knowledge based concept integrated the complete chain: production configuration (decrease of ramp-up time of at least 50%), multi-variant production line (varying types and volumes on a single line) and 100% quality monitoring. The manufactronic networked architecture allows continuous process improvement, and will be able to anticipate and to respond to rapidly changing consumer needs, producing high-quality products in adequate quantities while reducing costs. This concept is demonstrated in the automotive, aeronautics and electrical industry but can be transferred to nearly all production processes.

This study presents optimal ordering policies for retailer when supplier offers cash discount and two progressive payment schemes for paying of purchasing cost. If the retailer pays the outstanding amount before or at first trade credit period M, the supplier provides r_1cash discount and does not charge any interest. If the retailer pays after M but before or at the second trade period N offered by the supplier, the supplier provides r_2 cash discount and charges interest on unpaid balance at the rate ?Ic?_1 . If retailer pays the balance after N, (N & GT; M) then the supplier does not provide any cash discount but charges interest on unpaid balance at the rate ?Ic?_2. The primary objective of this paper is to minimize the total cost of inventory system. This paper develops an algebraic approach to determine the optimal cycle time, optimal order quantity and optimal relevant cost. Numerical example are also presented to illustrate the result of propose model and solution procedure developed.

In today & apos; s global marketplace, individual firms do not compete as independent entities rather as an integral part of a supply chain. Uncertainty is the main attribute in managing the supply chains. Accordingly, we develop a (Q, R) inventory model with service level constraint and variable lead-time in fuzzy-stochastic environment. In addition, the triangular fuzzy numbers counts upon lead-time are used to construct fuzzy-stochastic lead-time demand. Using credibility criterion, the expected shortages are calculated. Without loss of generality, we assume that all the observed values of the fuzzy random variable, representing the demand are triangular fuzzy numbers. Consequently, the value of total expected cost in the fuzzy sense is derived using the expected value criterion or credibility criterion. To determine an optimal policy, a numerical technique is presented and the results are analyzed using scan and zoom for constraint optimization. Finally, in order to demonstrate the accuracy and effectiveness of the proposed model, numerical example and sensitivity analysis are also included.

This paper demonstrates the importance of incorporating and solving the machining optimisation problem jointly with part selection and machine loading problems in order to avoid unbalanced workload in the FMS. Unbalanced workload renders to ineffective FMS such that some machines on the manufacturing shop floor become more occupied than others. Since CNC machine tools employed in the FMS are rather expensive, it is mostly important to balance the workload so that all machines can be effectively utilised. Therefore, in this study, two mathematical models are presented and solved in efforts to balance the workload and improve the performance of the FMS. A two-stage sequential approach is adopted whereby the first stage deals with the maximum throughput objective while the second stage deals with the minimum production cost objective. The results show that when part selection, machine loading and machining optimisation problems are jointly solved, more practical decisions can be made and a wide range of balanced workload in the FMS can be realised with minimum production cost objective. The results also show that the available machine time and tooling budget have enormous effects on throughput and production cost.

This paper presents production-inventory models for deteriorating items with increasing-steady-decreasing demand pattern under the effect of inflation and time value of money. This type of demand behavior can be observed in some fashion products or seasonal products in general. Shortages are allowed with partial backlogging of demand and a two-parameter Weibull-distribution function is used for the deterioration of items in order to make the models more generalized and realistic. The models generate optimal values of initial production run time, onset of shortages, production recommencement time, and total production quantity that minimizes the total relevant costs of production and inventory for any given set of system parameters. Various possible production strategies available for items with variable demand pattern are examined to determine the optimal production strategy. The discounted cash flow approach and trust region optimization methods are used to obtain the optimal results. The Numerical examples and sensitivity analysis show that the optimal production strategy may vary with changes in system parameters.