Displaying similar documents to “On the choice of techniques of production in a socialist economy”

Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost

Hesham K. Alfares (2014)

RAIRO - Operations Research - Recherche Opérationnelle

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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 quantity (EPQ) systems consider gradual order replenishment. Stock-dependent demand models assume...

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,...