This paper extends an imperfect production inventory model to machine breakdown at a random time and rework of defective items. Any manufacturing system wants to produce perfect quality items. But in long run production process, there may arise different types of difficulties like labor problem, rawmaterial problems, operator problems, etc., due to that the machinery systems shift from in-contr...

In this paper, two economic production quantity (EPQ) models are proposed for deteriorating/imperfect items with rework process. The production process is imperfect, and imperfect quality items are reworked to become serviceable. At the same time, the remaining good quality items may deteriorate. The inspection of deteriorated items is also imperfect, so that deteriorated items may be sold to c...

Article history: Received March 18, 2015 Accepted April 16 2015 Available online May 14 2015 In this paper, a deterministic inventory model with depletion rate dependent holding cost is developed. The demand rate is a power function of the on-hand inventory behind to a certain stock level, at which the demand rate becomes a constant. Shortages are allowed and partially backlogged with the funct...

In this paper a demand time series is analysed to support Make-To-Stock (MTS) and Make-To-Order (MTO) production decisions. Using a purely MTS production strategy based on the given demand can lead to unnecessarily high inventory levels thus it is necessary to identify likely MTO episodes. This research proposes a novel outlier detection algorithm based on special density measures. We divide th...

This paper presents a discounted cash-flow approach to an inventory model for deteriorating items with the two-parameter Weibull distribution. According to our proposed model, two shortages are considered: back-orders and lost-sales, in which the back-order rate is a varying function of the time when the shortage happens. In general, the demand rate is a linear function of the selling price...