This study attempts to determine the optimal production run time for an economic production quantity (EPQ) model with a Poisson breakdown rate, the rework of nonconforming items, and multi-delivery of finished products. It is assumed that nonconforming items can be randomly produced and repaired through a rework process added at the end of the production process. Production equipment is subject...

This paper is concerned with joint determination of the optimal lot size and optimal number of shipments for an economic production quantity (EPQ) model with the reworking of random defective items produced. The classic EPQ model assumes a continuous issuing policy for satisfying product demand and perfect quality production for all items produced. However, in a real life vendor-buyer integrate...

This study revisits a fuzzy rough economic order quantity (EOQ) model for deteriorating items considering quantity discount and prepayment. Since the proposedmodel is amixed integer nonlinear programming type, it is solved using Meta heuristic algorithms. Based on three different case examples, we have shown that our results using the Bees Colony Optimization (BCO) algorithm performs better tha...

The activation of caspases represents a crucial turning point during a batch or a fed-batch culture of mammalian cells. It not only affects the quantity but also the quality of the recombinant glycoprotein produced. In this study, the activation of various caspases, the release of intracellular sialidase and the changes in sialylation pattern of a recombinant product, erythropoietin (EPO), in t...

Answers how much to order when to order. Reduced price when item is purchased in larger quantities.The first model we will present is called the economic order quantity EOQ. We will discuss two types of quantity discount contracts: all units discounts and.buy the lowest total cost quantity, save the buyer money and, in some cases, receive more goods. quantity discount model example When we buy ...

Abstract: We consider a dynamic pricing problem for a monopolistic company selling a perishable product when customer demand is uncertain and occurs in batches which must be fulfilled as a whole. The seller can price-discriminate between the batches of different size by setting different unit prices. The problem is modeled as a stochastic optimal control problem to find an inventory-contingent ...