EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand
Economic production quantity (EPQ) model has been analyzed for trended demand, and units in inventory are subject to constant rate. The system allows rework of imperfect units, and preventive maintenance time is random. A search method is used to study the model. The proposed methodology is...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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University of Belgrade
2015-01-01
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| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2015/0354-02431400019S.pdf |
| _version_ | 1828356288960004096 |
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| author | Shah Nita H. Patel Dushyantkumar G. Shah Digeshkumar B. |
| author_facet | Shah Nita H. Patel Dushyantkumar G. Shah Digeshkumar B. |
| author_sort | Shah Nita H. |
| collection | DOAJ |
| description | Economic production quantity (EPQ) model has been analyzed for trended
demand, and units in inventory are subject to constant rate. The system
allows rework of imperfect units, and preventive maintenance time is random.
A search method is used to study the model. The proposed methodology is
validated by a numerical example. The sensitivity analysis is carried out to
determine the critical model parameters. It is observed that the rate of
change of demand, and the deterioration rate have a significant impact on the
decision variables and the total cost of an inventory system. The model is
highly sensitive to the production and demand rate. |
| first_indexed | 2024-04-14T02:56:46Z |
| format | Article |
| id | doaj.art-3d2f9c742136454b85f5704c64a9c538 |
| institution | Directory Open Access Journal |
| issn | 0354-0243 2334-6043 |
| language | English |
| last_indexed | 2024-04-14T02:56:46Z |
| publishDate | 2015-01-01 |
| publisher | University of Belgrade |
| record_format | Article |
| series | Yugoslav Journal of Operations Research |
| spelling | doaj.art-3d2f9c742136454b85f5704c64a9c5382022-12-22T02:16:05ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02432334-60432015-01-0125342544310.2298/YJOR130608019S0354-02431400019SEPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demandShah Nita H.0Patel Dushyantkumar G.1Shah Digeshkumar B.2Gujarat University, Department of Mathematics, Ahmedabad, Gujarat, IndiaGovt. Poly. for Girls, Department of Mathematics, Ahmedabad, Gujarat, IndiaL. D. College of Engg., Department of Mathematics, Ahmedabad, Gujarat, IndiaEconomic production quantity (EPQ) model has been analyzed for trended demand, and units in inventory are subject to constant rate. The system allows rework of imperfect units, and preventive maintenance time is random. A search method is used to study the model. The proposed methodology is validated by a numerical example. The sensitivity analysis is carried out to determine the critical model parameters. It is observed that the rate of change of demand, and the deterioration rate have a significant impact on the decision variables and the total cost of an inventory system. The model is highly sensitive to the production and demand rate.http://www.doiserbia.nb.rs/img/doi/0354-0243/2015/0354-02431400019S.pdfEPQdeteriorationtime-dependent demandreworkpreventive maintenancelost sales |
| spellingShingle | Shah Nita H. Patel Dushyantkumar G. Shah Digeshkumar B. EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand Yugoslav Journal of Operations Research EPQ deterioration time-dependent demand rework preventive maintenance lost sales |
| title | EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| title_full | EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| title_fullStr | EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| title_full_unstemmed | EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| title_short | EPQ model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| title_sort | epq model for imperfect production processes with rework and random preventive machine time for deteriorating items and trended demand |
| topic | EPQ deterioration time-dependent demand rework preventive maintenance lost sales |
| url | http://www.doiserbia.nb.rs/img/doi/0354-0243/2015/0354-02431400019S.pdf |
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