The economic order quantity model for sustainable green inventory considers deterioration impact on the real-time replacement and various reorder points with imperfect quality items

Abstract

In real life situation, every entrepreneur targeting instantaneous replenishment of inventories to the customers. It is always not possible when deterioration occurs in the inventories. There are different cases specified based on lead time, cycle length and order size for the successive replenishment with imperfect quality items. In this Economic Order Quantity (EOQ) model, the cycle length was derived with the deterioration items. The objective of this research is to optimize the length of each cycle for the sustainable green inventory. To examine the proposed model a numerical example is obtained and to get various results, apply the cycle length value in different cases of reorder point.