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Displaying similar documents to “Economic Production Quantity Concerning Learning and the Reworking of Imperfect Items”

EPQ Model with Imperfect Quality Raw Material

El-Kassar, Abdul-Nasser, Salameh, Moueen, Bitar, Mokarram (2012)

Mathematica Balkanica New Series

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MSC 2010: 26A33, 33E12, 33C60, 44A20 The classical economic production model (EPQ) has been extended in many directions to incorporate factors encountered in real-life situations. In this paper, an EPQ model that accounts for the cost of raw material needed for production is examined. It is assumed that the raw material acquired from the supplier contains a percentage of imperfect quality items. At the beginning of the inventory cycle, the raw material is received instantaneously,...

Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand

Peng-Sheng You (2007)

RAIRO - Operations Research

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This paper investigates an inventory control problem where a firm orders and sells an inventory item through discount strategy in a price sensitive market. From the economic points of view, customers may expect a further price reduction when a firm uses pricing promotion to stimulate demand, the demand curve may vertically shift down when a firm reduces the selling price. Taking these phenomena into account, this paper developed a continuous inventory model for finding the ordering...