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Background: Optimization approaches and a models can be applied for critical production systems that experience equipment failure, repair delays and product quality control in order to maximize the total profit. We can cite, as an example, flexible manufacturing systems. Methods: Our methodology...
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We present inventory models to schedule an imperfect manufacturing process where a proportion of the items are defective. The proportion is known; and the production is followed by a 100% inspection. The manufacturer implements a rework strategy to rectify the defective items. Since the rework...
Persistent link: https://www.econbiz.de/10012029551
Purpose: We deal with the problem of the joint determination of optimal economic production quantity (EPQ) and optimal preventive maintenance (PM) for a system that can produce multiple products alternately. The objective is to find the optimal number of production cycles and the PM policy...
Persistent link: https://www.econbiz.de/10011920178
Purpose: The research studies the production system having multiple items being processed on the same production line. The objectives are to (1) investigate the influence of production sequence on the optimal value of production run size, (2) explore the effect of production sequence on the...
Persistent link: https://www.econbiz.de/10013382383
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This paper considers a continuous-review, single-product, production-inventory system with a constant replenishment rate, compound Poisson demands, and lost sales. Two objective functions that represent metrics of operational costs are considered: (1) the sum of the expected discounted inventory...
Persistent link: https://www.econbiz.de/10013015653
In today's volatile business environment, manufacturers often face the challenge of making sales and production decisions despite unstable market demand. Companies must strategically determine which customer orders to fulfill or which products to stock under limited resources. This study...
Persistent link: https://www.econbiz.de/10015372648
The demand for perishable food products is often influenced by the selling price and the age of the items. This is because perishable food products have become commodities from consumers' point of view, hence, there are very little differences between competing brands. Consequently, factors like...
Persistent link: https://www.econbiz.de/10012259049
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