Author:
Kumar Subhash,Sigroha Meenu,Kumar Kamal,Sarkar Biswajit
Abstract
One of the most successful ways to get the word out about a product's popularity across all types of customers is through advertising. It has a valuable direct influence on increasing product demand. The supply chain model is developed for manufacturer and retailer, where advertisements are dependent on demand. The advertisement rate has been considered a function that has enhanced at a diminishing rate concerning time, although the growth rate slowed. During the manufacturing cycle, the market's demand is a function of advertisement, and the customer's demand is a linear function of time. The production rate exceeds the demand rate during manufacturing and remanufacturing; shortages are not faced. It involves a manufacturing/remanufacturing process that quickly delivers consumer products and less waste. To keep the environment clean, the cost of carbon emissions is incorporated into the manufacturer's and supplier's holding and degrading costs. The model's primary purpose is to minimize the overall cost of manufacturing and remanufacturing. The overall cost during the manufacturing cycle is higher than that during the remanufacturing cycle. This study confirms that the increasing cost of advertising provides the continuous increasing value of the total cost. A numerical example is provided, graphical representation and sensitivity analysis determine the function's behavior and test the model.
Subject
Management Science and Operations Research,Computer Science Applications,Theoretical Computer Science
Cited by
53 articles.
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