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An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate
Author
Source
Modelling and Simulation in Engineering
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-6, 6 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-09-12
Country of Publication
Egypt
No. of Pages
6
Main Subjects
Abstract EN
Extensive research has been devoted to economic production quantity (EPQ) problem.
However, no attention has been paid to problems where unit production and set-up costs must be considered as functions of production rate.
In this paper, we address the problem of determining the optimal production quantity and rate of production in which unit production and set-up costs are assumed to be continuous functions of production rate.
Based on the traditional economic production quantity (EPQ) formula, the cost function associated with this model is proved to be nonconvex and a procedure is proposed to solve this problem.
Finally, utility of the model is presented using some numerical examples and the results are analyzed.
American Psychological Association (APA)
Afshar-Nadjafi, Behrouz. 2013. An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate. Modelling and Simulation in Engineering،Vol. 2013, no. 2013, pp.1-6.
https://search.emarefa.net/detail/BIM-493861
Modern Language Association (MLA)
Afshar-Nadjafi, Behrouz. An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate. Modelling and Simulation in Engineering No. 2013 (2013), pp.1-6.
https://search.emarefa.net/detail/BIM-493861
American Medical Association (AMA)
Afshar-Nadjafi, Behrouz. An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate. Modelling and Simulation in Engineering. 2013. Vol. 2013, no. 2013, pp.1-6.
https://search.emarefa.net/detail/BIM-493861
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-493861