Das Roy, Monami; Sana, Shib Sankar - In: Journal of Advances in Management Research 14 (2017) 4, pp. 408-424
Purpose This research work introduces an imperfect production system where the demand is assumed to be stochastic and it is influenced by random selling price. The shift time from an “in-control” state to an “out-of-control” state is exponentially distributed. The accumulated inventory...