An EPQ model with setup cost and process quality as functions of capital expenditure

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An EPQ model with setup cost and process quality as functions of capital expenditure

This paper considers an economic production quantity (EPQ) model with imperfect production processes, in which the setup cost and process quality are functions of capital expenditure. The mathematical model is derived to investigate the effects of an imperfect production process on the optimal production cycle time when capital investment strategies in setup reduction and process quality improv...

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ژورنال

عنوان ژورنال: Applied Mathematical Modelling

سال: 2007

ISSN: 0307-904X

DOI: 10.1016/j.apm.2006.03.034