An optimal inventory control in hybrid manufacturing/remanufacturing system with deteriorating and defective items

DOI10.1504/IJMOR.2018.088575MaRDI QIDQ2204569zbMATH OpenFDO

Authors Ali Khaleel Dhaiban, Md. Azizul Baten, Nazrina Aziz

Publication date 15 October 2020

Published in International Journal of Mathematics in Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1504/IJMOR.2018.088575

zbMATH Keywords

defective itemsdemand functiondeteriorating itemsinventory systemoptimal controlPontryagin maximum principle

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Inventory, storage, reservoirs (90B05)

Review text

Summary: An optimal control model in a manufacturing/remanufacturing-inventory system, with defective, deteriorating, returned and disposed items was developed. In this model, the time of deterioration, and the percentages of defective, returned and disposed items were assumed random variables that follow the gamma distribution, beta rectangular, four-parameter generalised beta (FPGB) and Kumaraswamy distributions, respectively. The total of returned items from customers and defective items divided into the remanufacturing and disposed items. An optimality conditions were derived from the dynamic of the manufacturing/remanufacturing inventory level. The explicit solution under continuous-review policy was achieved by using the Pontryagin maximum principle. Also, simulation and sensitivity analysis results were illustrated numerically. The numerical results suggested that the model can help firms to maintain a balance between the manufacturing and remanufacturing rates to hedge demand and inventory levels. Also, the manufacturing rate was positively related to the disposal rate.

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