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...

In general, traditional production-inventory systems are based on a number of simplifying – but somewhat unrealistic – assumptions, including constant demand rate, constant holding cost, and instantaneous order replenishment. These assumptions have been individually challenged in numerous variations of production-inventory models. Finite production rate models, such as economic production quant...

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Relationships between Multidimensional Aptitude Battery (MAB) scores, inspection time (IT), choice reaction time (CRT), and the odd-man procedure (OMO) were investigated. IT was measured using a curve-fitting procedure that was less susceptible to variable task performance. IQ correlated significantly with IT (r = -.624) and OMO decision time (DT; r = .365) as well as with CRT DT (r = -.28). IT...

In this paper, we establish an economic production quantity model for a manufacturer (or wholesaler) with defective items when its supplier offers an up-stream trade credit M while it in turn provides its buyers (or retailers) a down-stream trade credit N. The proposed model is in a general framework that includes numerous previous models as special cases. In contrast to the traditional differe...

This paper examines an economic production quantity (EPQ) model with rework and service level constraint. First, we prove that the expected overall costs for an imperfect EPQ model with backlogging permitted is less than or equal to that of the one without backlogging. Secondly, the relationship between “imputed backorder cost” and maximal shortage level is derived for decision-making on whethe...

This paper considers the impact of inflation on the EPQ model for deteriorating items subject to random machine breakdowns and fixed maintenance period. The demand rate is assumed to be a function of inflation and the demand increase due to inflation. The objective is to determine the optimal production uptime that minimizes the present value of expected total costs per unit time consisting of ...

Despite increasing interest in the psychology of happiness\ there have been few cross!cultural studies on personality correlates of happiness[ This study examines personality "EPQ# and demographic correlates of happiness and mental health in Britain\ China "Hong Kong# and Japan among comparable groups[ Com! pared to similar groups in China and Japan\ British participants reported higher levels ...

This study assessed the potential influence of social desirability (SD) response bias on the E, N, and P EPQ-R scores at the level of individual items. The study was based on a bidimensional IRT model which was fitted in a large sample. This allowed a detailed analysis of both the internal validities of the items and the content of the items which were most affected by SD. The E items were leas...

The Economic Production Quantity (EPQ) is one of the most applicable model in production and inventory control environments. Like other classical production and inventory control models, it is derived based upon assumptions that cause limited real-world applications. Continuous and constant-rate delivery of orders, infinite availability of warehouse spaces, and applicability on a single product...