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Reexamination of “Combining an alternative multi-delivery policy into economic production lot size problem with partial rework” Using an Alternative Approach
ARTICLE

, Department of Industrial Engineering and Management Chaoyang University of Technology, Taiwan ; , Department of Accounting, College of Management National Changhua University of Education, Taiwan ; , Department of Industrial Engineering & Systems Management Feng Chia University, Taiwan ; , Department of Industrial Engineering and Management Chaoyang University of Technology, Taiwan

Journal of Applied Research and Technology Volume 11, Number 3, ISSN 1665-6423 Publisher: Elsevier Ltd

Abstract

A conventional approach for solving an economic production quantity (EPQ) model with multi-delivery policy and quality assurance is to use mathematical modeling for deriving the system cost function and to employ differential calculus for proving convexity of the cost function before determining the optimal operating policy. This paper presents a simplified solution procedure to reexamine a specific EPQ model [1] and demonstrates that both, the optimal manufacturing lot size and the long-run cost function can be derived without derivatives. The proposed approach may enable practitioners—with little knowledge of calculus—to understand such a real life vendor-buyer integrated system with ease.

Citation

Chiu, Y.S.P., Chen, K.K., Cheng, F.T. & Ting, C.K. (2013). Reexamination of “Combining an alternative multi-delivery policy into economic production lot size problem with partial rework” Using an Alternative Approach. Journal of Applied Research and Technology, 11(3), 317-323. Elsevier Ltd. Retrieved August 1, 2021 from .

This record was imported from Journal of Applied Research and Technology on January 29, 2019. Journal of Applied Research and Technology is a publication of Elsevier.

Full text is availabe on Science Direct: http://dx.doi.org/10.1016/S1665-6423(13)71541-4

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