Replenishment Lot Size and Number of Shipments for EPQ Model Derived Without Derivatives
نویسندگان
چکیده
منابع مشابه
Replenishment Lot Size and Number of Shipments for Epq Model Derived without Derivatives
This paper investigates optimal replenishment lot size and optimal number of shipments for economic production quantity (EPQ) model with rework process using an algebraic approach. The classic EPQ model assumes a perfect quality production for all items produced and a continuous issuing policy for satisfying customer‟s demand. However, in a real life vendor-buyer integrated-production-inventory...
متن کاملJoint Determination of the Production Lot Size and Number of Shipments for Epq Model with Rework
This paper is concerned with joint determination of the optimal lot size and optimal number of shipments for an economic production quantity (EPQ) model with the reworking of random defective items produced. The classic EPQ model assumes a continuous issuing policy for satisfying product demand and perfect quality production for all items produced. However, in a real life vendor-buyer integrate...
متن کاملEasy and Improved Algorithms to Joint Determination of the Replenishment Lot Size and Number of Shipments for an Epq Model with Rework
Recently, in Mathematical and Computational Applications Journal Chiu et al. [1] and Chen and Chiu [2] propose an inventory model based on EPQ with rework to determine the replenishment lot size and the number of shipments for a vendor-buyer integrated production-inventory system. They solve the inventory problem by considering both variables as continuous. However, the number of shipments must...
متن کاملComment on 'Optimal inventory replenishment policy for the EPQ model under trade credit derived without derivatives'
Comment on 'Optimal inventory replenishment policy for the EPQ model under trade credit derived without derivatives' Jinn-Tsair Teng a; S. K. Goyal b a Department of Marketing and Management Sciences, The William Paterson University of New Jersey, Wayne, New Jersey 07470-2103, USA b Department of Decision Sciences & MIS, John Molson School of Business, Concordia University, Montreal, Quebec, Ca...
متن کاملOptimal inventory replenishment policy for the EPQ model under trade credit derived without derivatives
Within the economic production quantity (EPQ) framework, the main purpose of this paper is to deal with Chung and Huang’s model (2003) and extend Chung and Huang’s model (2003) by considering the unit selling price higher than the unit purchasing cost using the algebraic method to determine the optimal inventory replenishment policy for the retailer under trade credit. This paper provides this ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Mathematical and Computational Applications
سال: 2011
ISSN: 2297-8747
DOI: 10.3390/mca16030753