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A simplified approach to the multi-item economic production quantity model with scrap, rework, and multi-delivery
ARTICLE

, Department of Industrial Engineering & Management, Chaoyang University of Technology, Taiwan ; , Department of Industrial Engineering & Systems Management, Feng Chia University, Taiwan ; , Department of Business Administration, Chaoyang University of Technology, Taiwan ; , Department of Finance, Chaoyang University of Technology, Taiwan

Journal of Applied Research and Technology Volume 13, Number 4, ISSN 1665-6423 Publisher: Elsevier Ltd

Abstract

In a recent paper, Chiu et al. (2014) utilized mathematical modeling and differential calculus to determine the common production cycle time that minimizes total production, inventory, and delivery costs for a multi-item economic production quantity (EPQ) model with scrap, rework, and multi-delivery. The present study proposes an algebraic approach substituting the use of differential calculus on the system cost function for deriving the optimal common cycle time in the aforementioned multi-item EPQ model. This simplified approach may enable managing practitioners to resolve real multi-item EPQ models more effectively.

Citation

Chiu, Y.S.P., Wu, M.F., Chiu, S.W. & Chang, H.H. (2015). A simplified approach to the multi-item economic production quantity model with scrap, rework, and multi-delivery. Journal of Applied Research and Technology, 13(4), 472-476. Elsevier Ltd. Retrieved August 13, 2020 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/j.jart.2015.09.004

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