Quality Loss and Risk Assessment in a Food Industry: A Case Study
Author(s):
Akash singh Chouhan, Prof Ashish Paharia
Keywords:
Quality Loss, risk management, food industries etc.
Abstract
Cost-quality trade-offs are required when manufacturing industries seek to minimize cost and maximize product quality or reliability. Food industry is one of the most important industries for human society. It has also contributes in the economic development of local economic. The optimization of interests of parties in the industry, or the food supply chain system, is critical. In this thesis, a current food inventory network framework has been examined with the thought of all substantial and immaterial costs happens inside the store network framework. Quality misfortune capacities have discovered far reaching application in food building and today are a fundamental piece of value administration.The performance of supply chain system is evaluated with the respect to the food quality losses and cost of respective quality and the opportunity cost of food product risks. Cost of quality and quality loss function has been considered for the study.
The three different food product Bread, Biscuit and Potato chips having different deterioration time has been consider for the study. To find out the impact of ordering quantity, Total Cost, optimal Q and food risk on the annual demand a sensitivity analysis has been carried out.
Article Details
Unique Paper ID: 145496
Publication Volume & Issue: Volume 4, Issue 10
Page(s): 548 - 559
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