The main purpose of this paper is to determine the value of economic order quantity (EOQ) with two types of imperfect items, defective and reworked ones, under 100% inspection. Where defective items are treated as scraps and reworked ones will be sent back to supplier to get repaired. A mathematical model is built on the jo in t d ist ribut ion o f defective and reworked un its which fo llow a ...

In most inventory models it is assumed that the parameters of the model do not vary with time, and that the payment of orders from the retailer to the supplier is made immediately up on the receipt of these orders. Some suppliers, however, allow a certain fixed period to settle payment accounts. During this fixed period no interest is charged by the supplier, but beyond that period an interest,...

In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...