期刊名称:An International Journal of Optimization and Control: Theories & Applications (IJOCTA)
印刷版ISSN:2146-5703
出版年度:2013
卷号:4
期号:1
页码:57-65
语种:English
出版社:An International Journal of Optimization and Control: Theories & Applications (IJOCTA)
摘要:Imperfect quality Items are unavoidable in an Inventory system due to imperfect productionprocess, natural disasters, damages, or many other reasons. The setup cost and production cycletime can be related in terms of process deterioration and learning and forgetting effects. Learningreduces production run length and setup cost, whereas deterioration and forgetting increases both.Keeping these facts in mind, this paper investigates an Economic Production Quantity (EPQ) modelwith imperfect quality items with varying set-up costs. Mathematical model and solution proceduresare developed with major insight to its charecteristics. Numerical example and sensitivity analysisare provided to illustrate and analyze the model performance. It is observed that our model has asignificant impacts on the optimal lot size and optimal profit of the model. Classication: 90B05