This paper extends an integrated model of economic production quantity (EPQ) and preventive maintenance (PM) to incorporate possibilities of minimal repair and rework. Our model determines simultaneously the optimal number of inspections, the inspection interval, the EPQ, and the PM level. Numerical examples of Weibull shock models are given to show that allowing minimal repair and rework will ...

Extensive research has been devoted to economic production quantity (EPQ) problem. However, little atten-tion has been paid to problems where depreciation cost and process quality cost must be considered, simulta-neously. In this paper, we consider the economic production quantity model of minimizing the annual total cost subject to depreciation cost and process quality cost, where depreciation...

The classical Economic Order Quantity (EPQ) models consider that the production rate is fixed and constant. But in many manufacturing and production processes the production rate is a function of stock on hand. For this sort of situations we develop and analyze an EPQ model with the assumption that the production rate is a function of the on-hand inventory and demand is a function of selling pr...

The economic production quantity (EPQ) is a commonly used inventory model. An assumption in the EPQ model is that all units produced are perfect. Some researchers have studied the effects after relaxing this assumption on the inventory models. The objective of this paper is to determine the economic production quantity with reduced pricing, rework and reject situations in a single-stage system ...

The classical optimization techniques are often used to derive and to assert the optimal solution for the well-known inventory models such as the economic order/production quantity (EOQ/EPQ) models. Recently, a new approach, without reference to the use of derivatives but with algebraic derivation, is presented to solve the above deterministic EOQ/EPQ models with/without shortages. To widen the...

The economic order quantity (EOQ) and the economic production quantity (EPQ) are well-known and commonly used inventory control techniques. The standard results are easy to apply but are based on a number of unrealistic assumptions. One of the assumption is that the demand is normally distributed in any interval. In several practical cases the assumption about independence of successive demands...

extensive research has been devoted to economic production quantity (epq) problem. however, little atten-tion has been paid to problems where depreciation cost and process quality cost must be considered, simulta-neously. in this paper, we consider the economic production quantity model of minimizing the annual total cost subject to depreciation cost and process quality cost, where depreciation...

 Imperfect production processes lead to imperfect products and decrease the profit of a business. Improvement in the production process by increasing the investment cost will decrease the defective percentage of items. This study develops an EPQ model with investments on imperfect production processes under limited capital. An algorithm is developed to derive the replenishment and investment p...

This paper describes two heuristics for the basic economic order quantity and economic production quantity with partial backordering that use the time between orders and the percentage of demand filled from stock as the decision variables. Tests of the heuristics on a set of problems generated by using different values for six situational characteristics indicate that both heuristics should per...

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...