An Application of Thermodynamics Principle in a Manufacturing-Inventory System with Deteriorating Rate, Rework Process, Sales Return, and Inspection Errors under Inflationary Conditions

Key Points

• The application of thermodynamics principles enhances efficiency in manufacturing systems, addressing sales returns and inspection errors.
• Key metrics reveal that accounting for deterioration rates and rework processes can significantly improve inventory management under inflation.
• Observational analysis in manufacturing-inventory systems highlights how thermodynamics can optimize handling of deteriorated goods and returns.
• Significant implications arise for improving inventory systems, especially as economic conditions affect deterioration rates and returns.