دورية أكاديمية

A Mathematical Model of the Production Inventory Problem for Mixing Liquid Considering Preservation Facility

التفاصيل البيبلوغرافية
العنوان: A Mathematical Model of the Production Inventory Problem for Mixing Liquid Considering Preservation Facility
المؤلفون: Md Sadikur Rahman, Subhajit Das, Amalesh Kumar Manna, Ali Akbar Shaikh, Asoke Kumar Bhunia, Leopoldo Eduardo Cárdenas-Barrón, Gerardo Treviño-Garza, Armando Céspedes-Mota
المصدر: Mathematics, Vol 9, Iss 24, p 3166 (2021)
بيانات النشر: MDPI AG, 2021.
سنة النشر: 2021
المجموعة: LCC:Mathematics
مصطلحات موضوعية: mixing process, simultaneous differential equations, variable production rate, simulated annealing, differential evolution, Mathematics, QA1-939
الوصف: The mixing process of liquid products is a crucial activity in the industry of essential commodities like, medicine, pesticide, detergent, and so on. So, the mathematical study of the mixing problem is very much important to formulate a production inventory model of such type of items. In this work, the concept of the mixing problem is studied in the branch of production inventory. Here, a production model of mixed liquids with price-dependent demand and a stock-dependent production rate is formulated under preservation technology. In the formulation, first of all, the mixing process is presented mathematically with the help of simultaneous differential equations. Then, the mixed liquid produced in the mixing process is taken as a raw material of a manufacturing system. Then, all the cost components and average profit of the system are calculated. Now, the objective is to maximize the corresponding profit maximization problem along with the highly nonlinear objective function. Because of this, the mentioned maximization problem is solved numerically using MATHEMATICA software. In order to justify the validity of the model, two numerical examples are worked out. Finally, to show the impact of inventory parameters on the optimal policy, sensitivity analyses are performed and the obtained results are presented graphically.
نوع الوثيقة: article
وصف الملف: electronic resource
اللغة: English
تدمد: 2227-7390
Relation: https://www.mdpi.com/2227-7390/9/24/3166; https://doaj.org/toc/2227-7390
DOI: 10.3390/math9243166
URL الوصول: https://doaj.org/article/593d05ab5ed443dbba6938b31b6acdbd
رقم الأكسشن: edsdoj.593d05ab5ed443dbba6938b31b6acdbd
قاعدة البيانات: Directory of Open Access Journals
الوصف
تدمد:22277390
DOI:10.3390/math9243166