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To access the efficient inventory system, managers should consider all the situations that have happened in reality. One of these situations is the presence of the defective items in each received lot and the other situation is being the group of customers that do not wait to fulfill their...
Persistent link: https://www.econbiz.de/10011765297
In this paper, the classical economic production quantity (EPQ) model is developed for non-instantaneous deteriorating … significant impact on the optimal lot size and total cost in the EPQ model. Numerical examples are presented to demonstrate the …
Persistent link: https://www.econbiz.de/10011562719
. Sensitivity analysis is performed to demonstrate the response of the order quantity and total costs to some key input parameters …
Persistent link: https://www.econbiz.de/10012164696
economic production quantity (EPQ) model since it is a real phenomenon. The present work develops an EPQ model for perishable …
Persistent link: https://www.econbiz.de/10012164583
The Economic Production Quantity (EPQ) model is often used in the manufacturing sector to assist firms in determining … the optimal production lot size that minimizes overall production-inventory costs. There are some assumptions in the EPQ …, (2) all of the produced items are perfect, and (3) only one type of goods is produced. In this paper, we develop the EPQ …
Persistent link: https://www.econbiz.de/10009759540
Advertisement of the product is an important factor in inventory analysis. Also, price and stock have an important role to attract more customers in the competitive business situations. Trade credit policy is another important role in inventory analysis. We have combined these three factors...
Persistent link: https://www.econbiz.de/10012020099
are given to illustrate the results. The solution procedure is to determine the optimal solutions of order quantity …
Persistent link: https://www.econbiz.de/10011765325
) queue models which are separately developed for each product. Moreover, and in order to cope with the computational …
Persistent link: https://www.econbiz.de/10009783231
order quantity of product batches that contain defective items with percentage nonconforming following a known probability … backordered, and defective items in each ordering cycle are stored in a warehouse to be returned to the supplier when a new order … loss), a higher holding cost incurs to store defective items. Using the renewalreward theorem, the optimal order and …
Persistent link: https://www.econbiz.de/10011556673
In this article, an imperfect vendor-buyer inventory system with stochastic demand, process quality control and learning in production is investigated. It is assumed that there are learning in production and investment for process quality improvement at the vendor’s end, and lot-size dependent...
Persistent link: https://www.econbiz.de/10012164651