JOINT REPLENISHMENT STRATEGY FOR DETERIORATING MULTI-ITEM THROUGH MULTI-ECHELON SUPPLY CHAIN MODEL WITH IMPERFECT PRODUCTION UNDER IMPRECISE AND INFLATIONARY ENVIRONMENT
As the industry environment becomes more competitive, the supply chain management for
multi items has become an essential part of the industries. In this paper, a multi-echelon inventory model
for deteriorating multi items with imperfect production has been developed under the environment
of fuzzy and inflation. A single producer, multi-supplier, and multi-retailer are considered from the
integrated point of view. Here, the producer only produces the retailer’s need to have a tremendous
advantage and minimum loss. It is observed that the inflation rate is almost uncertain for deteriorating
goods in every supply chain. In this paper, the inflation rate is taken as a triangular fuzzy number, and
the centroid method is used to defuzzify the profit function. The shortage is not allowed in any part,
an imperfect production process is considered, but it is not reworkable in this supply chain. Different
inflation rates are considered for additional items because inflation has strained the most vulnerable
consumers (the daily wage earners), who mainly demand goods in short and small quantities. This entire
model is developed based on the retailer’s demand and due to which, the profit potential is maximized.
The central premise of this study is to get maximum benefit by creating a production model for
deterioration items. Finally, a numerical example and sensitivity analysis illustrate the present study.
It is observed that if the number of shipments taken from the supplier increases during the production
period, the total profit increases in crisp and fuzzy. If a positive change occurs in the number of
shipments received through the producer to the retailer, then the fuzzy model has positive, but a slight
negative change occurs in the crisp model. This paper shows the effect of a joint replenishment policy
for multi-item compared with the independent approaches