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An Extended EPQ-Based Problem with a Discontinuous Delivery Policy, Scrap Rate, and Random Breakdown
Joint Authors
Chiu, S. W.
Lin, Hong-Dar
Song, Ming-Syuan
Chen, Hsin-Mei
Chiu, Yuan-Shyi P.
Source
Issue
Vol. 2015, Issue 2015 (31 Dec. 2015), pp.1-13, 13 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2015-03-04
Country of Publication
Egypt
No. of Pages
13
Main Subjects
Medicine
Information Technology and Computer Science
Abstract EN
In real supply chain environments, the discontinuous multidelivery policy is often used when finished products need to be transported to retailers or customers outside the production units.
To address this real-life production-shipment situation, this study extends recent work using an economic production quantity- (EPQ-) based inventory model with a continuous inventory issuing policy, defective items, and machine breakdown by incorporating a multiple delivery policy into the model to replace the continuous policy and investigates the effect on the optimal run time decision for this specific EPQ model.
Next, we further expand the scope of the problem to combine the retailer’s stock holding cost into our study.
This enhanced EPQ-based model can be used to reflect the situation found in contemporary manufacturing firms in which finished products are delivered to the producer’s own retail stores and stocked there for sale.
A second model is developed and studied.
With the help of mathematical modeling and optimization techniques, the optimal run times that minimize the expected total system costs comprising costs incurred in production units, transportation, and retail stores are derived, for both models.
Numerical examples are provided to demonstrate the applicability of our research results.
American Psychological Association (APA)
Chiu, S. W.& Lin, Hong-Dar& Song, Ming-Syuan& Chen, Hsin-Mei& Chiu, Yuan-Shyi P.. 2015. An Extended EPQ-Based Problem with a Discontinuous Delivery Policy, Scrap Rate, and Random Breakdown. The Scientific World Journal،Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1078936
Modern Language Association (MLA)
Chiu, S. W.…[et al.]. An Extended EPQ-Based Problem with a Discontinuous Delivery Policy, Scrap Rate, and Random Breakdown. The Scientific World Journal No. 2015 (2015), pp.1-13.
https://search.emarefa.net/detail/BIM-1078936
American Medical Association (AMA)
Chiu, S. W.& Lin, Hong-Dar& Song, Ming-Syuan& Chen, Hsin-Mei& Chiu, Yuan-Shyi P.. An Extended EPQ-Based Problem with a Discontinuous Delivery Policy, Scrap Rate, and Random Breakdown. The Scientific World Journal. 2015. Vol. 2015, no. 2015, pp.1-13.
https://search.emarefa.net/detail/BIM-1078936
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1078936