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This paper considers a variant of the economic order quantity (EOQ) model under random supply. A binomial supply model is adopted where every item received is of imperfect quality with the same probability. We study the realistic case where the qualities of items in an order are correlated and...
Persistent link: https://www.econbiz.de/10010665782
We consider a standard economic production quantity (EPQ) model. Due to manufacturing variability, a fraction P of the produced inventory will have imperfect quality, where P is a random variable with a known distribution. We consider a 100% inspection policy and further assume that the...
Persistent link: https://www.econbiz.de/10010597263
This paper considers an inventory system within the economic order quantity (EOQ) model framework under random supply. The production process can go "out-of-control" with a constant probability and start producing imperfect quality items. Such a system has been studied in the literature under...
Persistent link: https://www.econbiz.de/10008523121
We rectify a flaw in an economic order quantity (EOQ) model with unreliable supply, characterized by a random fraction of imperfect quality items and a screening process, developed by Salameh and Jaber [2000. Economic production quantity model for items with imperfect quality. International...
Persistent link: https://www.econbiz.de/10005188829