Improved solution for inventory model with defective goods
نویسندگان
چکیده
منابع مشابه
An Integrated Inventory Model with Controllable Lead time and Setup Cost Reduction for Defective and Non-Defective Items
In this paper, the study deals with the lead time and setup reduction problem in the vendor-purchaser integrated inventory model. The cost of capital (i.e., opportunity cost) is one of the key factors in making the inventory and investment decisions. Lead time is an important element in any inventory system. The proposed model is presents an integrated inventory model with controllable lead tim...
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In this paper we consider a system consisting of a supplier with a single processing unit, a repair center, and a retailer with Poisson demand. We assume that the retailer applies one-for-one ordering policy with backorders for his inventory control. The retailer’s orders form a queue in the supplier processing unit. We also assume that a certain fraction of the products produced by the supplie...
متن کاملAn EMQ inventory model for defective products involving rework and sales team’s initiatives-dependent demand
This paper investigates the issue of an economic manufacturing quantity model for defective products involving imperfect production processes and rework. We consider that the demand is sensitive to promotional efforts/sales teams’ initiatives as well as the setup cost can be reduced through further investment. It also assumes that fixed quantity multiple installments of the finished batch are d...
متن کاملan integrated inventory model with controllable lead time and setup cost reduction for defective and non-defective items
in this paper, the study deals with the lead time and setup reduction problem in the vendor-purchaser integrated inventory model. the cost of capital (i.e., opportunity cost) is one of the key factors in making the inventory and investment decisions. lead time is an important element in any inventory system. the proposed model is presents an integrated inventory model with controllable lead tim...
متن کاملNote on minimax distribution free procedure for integrated inventory model with defective goods and stochastic lead time demand
This note is a response to a paper of Ho that was published in Information and Management Sciences, 20 (2009), 161–171. We find two reasonable criteria to insure the existence and uniqueness of the optimal solution. Based on the same numerical examples, if we directly compare our results with that by Ho, then the improvement is about 30%. Meanwhile, after revising the computation errors, then o...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2013
ISSN: 0307-904X
DOI: 10.1016/j.apm.2012.10.022