Background: Optimization approaches and a models can be applied for critical production systems that experience equipment failure, repair delays and product quality control in order to maximize the total profit. We can cite, as an example, flexible manufacturing systems. Methods: Our methodology...

Purpose: The research studies the production system having multiple items being processed on the same production line. The objectives are to (1) investigate the influence of production sequence on the optimal value of production run size, (2) explore the effect of production sequence on the...

In today's volatile business environment, manufacturers often face the challenge of making sales and production decisions despite unstable market demand. Companies must strategically determine which customer orders to fulfill or which products to stock under limited resources. This study...

The demand for perishable food products is often influenced by the selling price and the age of the items. This is because perishable food products have become commodities from consumers' point of view, hence, there are very little differences between competing brands. Consequently, factors like...

We propose inventory replenishment and lateral transshipment policies for a distribution network. The distribution centers place weekly regular orders and daily urgent orders to the factory. Two classes of stochastic demands, pre-ordered and peddling, cause either backlogging or lost sales when...

Researchers have recently developed a model for international supply chains for transferring lots in equal-sized batches, taking environmental concerns into account. This scheme incorporated stochastic behaviour of the exchange rate between the vendor's and buyer's currencies as part of the...

Purpose: The purpose of this study is to investigate how ambiguity faced by the risk-neutral manager affects the firm’s optimal level of safety stock. Design/methodology/approach: This study adopts the traditional model of Arrow et al. (1951) and employ a manager who has multiple prior beliefs...

This paper aims to minimize the emissions in the supply chain consisting of a vendor and a buyer under carbon regulations. Emissions from the supply chain are generated by several operations, namely production, transportation and storage, and are sought to be reduced by implementing a carbon tax...

Purpose: A supply chain consists of raw material suppliers, manufacturers and retailers where inventory of raw materials and finished goods are involved, respectively. Therefore, it is important to find optimal solutions, which are beneficial for both supplier, manufacturer and retailer....