Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework
Joint Authors
Treviño-Garza, Gerardo
Taleizadeh, Ata Allah
Cárdenas-Barrón, Leopoldo Eduardo
Vasant, Pandian
Source
Mathematical Problems in Engineering
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-08-02
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
The determination of production-shipment policies for a vendor-buyer system is dealt within this paper.
The main objective is to derive the optimal replenishment lot size and shipment policy for an EPQ inventory model with multiple deliveries and rework.
This inventory model contains two decision variables: the replenishment lot size and the number of deliveries.
Previous researches solve this inventory model considering both variables to be continuous.
However, the number of deliveries must be considered as a discrete variable.
In this direction, this paper solves the inventory model considering two cases: Case 1: the replenishment lot size as a continuous variable and the number of shipments as a discrete variable and Case 2: the replenishment lot size and the number of shipments as discrete variables.
The final results are two simple and easy-to-apply solution procedures to find the optimal values for the replenishment lot size and the number of deliveries for each case.
American Psychological Association (APA)
Cárdenas-Barrón, Leopoldo Eduardo& Treviño-Garza, Gerardo& Taleizadeh, Ata Allah& Vasant, Pandian. 2015. Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework. Mathematical Problems in Engineering،Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1074237
Modern Language Association (MLA)
Cárdenas-Barrón, Leopoldo Eduardo…[et al.]. Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework. Mathematical Problems in Engineering No. 2015 (2015), pp.1-8.
https://search.emarefa.net/detail/BIM-1074237
American Medical Association (AMA)
Cárdenas-Barrón, Leopoldo Eduardo& Treviño-Garza, Gerardo& Taleizadeh, Ata Allah& Vasant, Pandian. Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework. Mathematical Problems in Engineering. 2015. Vol. 2015, no. 2015, pp.1-8.
https://search.emarefa.net/detail/BIM-1074237
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1074237