The fast industrial development increases different types of risks for the industries. Many risk factors are inherent in the implementation of advanced manufacturing technologies (AMTs). Industries are developing methodologies for risk prevention and protection. The present research focuses to identify various risks that could influence the implementation of AMTs, and develop a framework to mitigate them. For this framework, interpretive structural modeling(ISM) has been used to depict the relationship and priority among the various risks. This research provides a path for managers and indicates the dominant risks on the basis of higher driving power. Also, this research classifies the relationship among various risks in AMTs implementation according to their driving power and dependence. The risks have been categorized into four categories as autonomous risks, linkage risks, dependent risks and independent risks. The proposed hierarchal model would help the management to effectively handle and develop strategies against the risks and hence new and latest technologies can be adopted with ease and effectiveness.

This paper studies the problem of single machine stochastic scheduling with random processing times, deterministic due dates and an independent setup time. The jobs are also deteriorated based on the position, which their processes are done. The objective function is to find a schedule of jobs, which minimizes the expected value of maximum lateness. A branch and bound scheme is presented to solve the problem analytically and a simulated annealing meta-heuristic (SA) is also provided for solving the problem in larger scales. Computational experiments demonstrate that the proposed SA is capable of finding near optimal solutions with very low gap.

Highly automated CNC end milling machines in manufacturing industry requires reliable model for prediction of tool flank wear. This model later can be used to predict the tool flank wear (VBmax) according to the process parameters. In this investigation an attempt was made to develop an empirical relationship to predict the tool flank wear (VBmax) of carbide tools while machining LM25 Al/SiCp incorporating the process parameters such as spindle speed (N), feed rate (f), depth of cut (d) and various % wt. of silicon carbide (S). Response surface methodology (RSM) was applied to optimizing the end milling process parameters to attain the minimum tool flank wear. Predicted values obtained from the developed model and experimental results are compared, and error & LT; 5 percent is observed. In addition, it is concluded that the flank wear increases with the increase of SiCp percentage weight in the MMC.

A paper published by Maniya and Bhatt (2011) (An alternative multiple attribute decision making methodology for solving optimal facility layout design selection problems, Computers & Industrial Engineering, 61, 542-549) proposed an alternative multiple attribute decision making method named as “Preference Selection Index (PSI) method” for selection of an optimal facility layout design. The authors had claimed that the method was logical and more appropriate and the method gives directly the optimal solution without assigning the relative importance between the facility layout design selection attributes. This note discusses the mathematical validity and the shortcomings of the PSI method.

This paper develops an economic production quantity (EPQ) inventory model with rework process for a single stage production system with one machine. The existence of a unique machine results in limited production capacity. The aim of this research is to determine both the optimal cycle length and the optimal production quantity for each product to minimize the expected total cost (holding, production, setup, rework costs). The convexity of the inventory model is derived. Also the objective function is proved to be convex. The proposed inventory model is validated with illustrating numerical examples and the optimal period length and the total system cost are analyzed.

This paper considers an inventory control policy for a two-echelon inventory control system with one supplier-one buyer. We consider the case of deteriorating items which lead to shortage in supply chain. Therefore, it is necessary to decrease the deterioration rate by adding some specification to the packaging of these items that is known as active packaging. Although this packaging can reduce the deteriorating rate of products, but may be increases the cost of both supplier and buyer. Because of the complexity of the mathematical model, a genetic algorithm has been developed to determine the best policy of this inventory control system.

This paper deals with the development of an inventory model for Weibull deteriorating items with constant demand when delay in payments is allowed to the retailer to settle the account against the purchases made. Shortages are not allowed and the salvage value is associated with the deteriorated units. In this paper, we consider two cases; those are for the case payment within the permissible time and for payment after the expiry of permissible time with interest. Numerical examples are provided to illustrate our results. Sensitivity analysis are carried out to analyze the effect of changes in the optimal solution with respect to change in one parameter at a time.

A systematic approach to the inventory control and classification may have a significant influence on company competitiveness. In practice, all inventories cannot be controlled with equal attention. In order to efficiently control the inventory items and to determine the suitable ordering policies for them, multi-criteria inventory classification is used. In this paper, fuzzy analytic hierarchy process for multiple criteria ABC inventory classification has been proposed. Fuzzy Analytic Hierarchy process (Fuzzy AHP) is used to determine the relative weights of the attributes or criteria, and to classify inventories into different categories. To accredit the proposed model, it is implemented for the 351 raw materials of switch gear section of Energypac Engineering Limited (EEL), a large power engineering company of Bangladesh. In this approach, at first, related criteria have been selected (Unit price, last year consumption or annual demand, last use date, supplier, criticality, durability) and the weights of these criteria was determined using Fuzzy AHP. Then a score to each item was assigned for each criterion as triangular fuzzy number and the final normalized weighted score of each item using fuzzy set theory is calculate. Finally, Chang’s extent analysis was used for the comparison of fuzzy numbers and the final scores are compared with each other. Then all items were classified into three classes according to their final score.

Now-a-days, the offer of credit period to the retailer for settling the account for the units purchased by the supplier is considered to be the most beneficial policy. In this article, an attempt is made to formulate an economic order quantity model under fuzzy environment where delay in payment for the retailer is permissible. The demand rate, ordering cost and selling price per item are taken as triangular fuzzy numbers. The ?-cut representation method is used to calculate the optimum cycle time and total optimum cost. The optimum cycle time and total optimum cost in fuzzy sense is de-fuzzified using the centre of gravity method.

A central problem of tool management in Versatile Multi-tool machining centres is to decide how to batch the parts to be produced and what tools to allocate to the machine in order to maximize utilization of these expensive machines. Various authors have proposed heuristics and/or mathematical models to minimize the batches of parts to be manufactured in a production period. There is no comprehensive study reported to compare the number of actual batches (stoppages) formed with and without processing time considerations. In this paper, the sequential deterministic heuristics (SDHs) are appropriately adapted to include processing time of operations in the formation of groups. The modified heuristics are more realistic in reducing machine stoppages due to tools. Some stochastic search techniques have also been adapted to compute the number of groups. The results are compared with those obtained from SDHs and standard search techniques. The results indicate that the adapted search techniques are powerful approaches for forming optimum number of batches of parts and tools.