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This paper illustrates the relationship between quality improvement, reorder point, and lead time, as affected by backorder rate, in an imperfect production process. To reduce the total system cost by optimizing the setup cost, lot size, lead time, reorder point, and process quality parameter...
Persistent link: https://www.econbiz.de/10010906439
This paper deals with an inventory model for deteriorating items with inventory dependent demand function. Most of the inventory models are considered with constant rate of deterioration. In this article, we consider time varying deterioration rate. Based on the demand and inventory, the model...
Persistent link: https://www.econbiz.de/10011048751
This paper develops an economic manufacturing quantity (EMQ) model with deterioration and exponential demand in a production system over a finite time horizon under the effect of inflation and time value of money. The production rate is a dynamic variable (varying with time) in a production...
Persistent link: https://www.econbiz.de/10010636298
This model investigates an economic order quantity (EOQ) model over a finite time horizon for an item with a quadratic time dependent demand by considering shortages in inventory under permissible delay in payments. Shortages are assumed after variable time T1( T cycle period). The credit period...
Persistent link: https://www.econbiz.de/10010719398
This paper expands an inventory model for deteriorating items with stock-dependent demand. This model provides time varying backlogging rate as well as time varying deterioration rate. The aim of this model is to determine the optimal cycle length of each product such that the expected total...
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