Geodesic
Inventory and Pricing Decisions for an Imperfect Production System With Quality Inspection, Rework, and Carbon-Emissions
Yugoslav journal of operations research, Tome 30 (2020) no. 3, p. 337 .

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The present paper considers the effect of imperfect quality items on a production system which further undergoes inspection and rework. The demand of the product is price reliant. Two situations to handle the imperfect items are analyzed: selling them at a reduced price and reworking them. The demand is assumed to meet with perfect products in either case. Further, the study incorporates the carbon-emissions borne during production of goods and their holding in the inventory system. The model aims at maximizing the profit function by jointly optimizing mark-up price and production quantity. To demonstrate model characteristics, numerical and sensitivity analysis are also presented.
Classification : 90B05, 90B30, 90B25, 13P25
Keywords: Imperfect-production, Rework, Price-sensitive Demand, Quality-inspection, Carbon-emissions 
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Aditi Khanna; Prerna Gautam; Ahmad Hasan; Chandra K. Jaggi. Inventory and Pricing Decisions for an Imperfect Production System With Quality Inspection, Rework, and Carbon-Emissions. Yugoslav journal of operations research, Tome 30 (2020) no. 3, p. 337 . http://geodesic.mathdoc.fr/item/YJOR_2020_30_3_a5/