Mathematics • Vol 9 • No 7
A Continuous Review Production-Inventory System with a Variable Preparation Time in a Fuzzy Random Environment
March 2021 • Amalendu Singha Mahapatra, Hardik N. Soni, Maheswar Singha Mahapatra, Biswajit Sarkar, Sanat Kumar Majumder
With the increase in the varieties products and the increasing uncertainty about product demand, the production preparation time is a significant factor in addressing these issues. The trade-off between the reduction of the production preparation time and the associated cost remains a critical decision. With this backdrop, this study presents a continuous review production-inventory model with a variable production preparation time and a time-dependent setup cost. The demand during the preparation time is captured…