ECONOMIC PRODUCTION RUN LENGTH AND WARRANTY PERIOD FOR PRODUCT WITH WEIBULL LIFETIME

Chung-Ho Chen ()
Additional contact information
Chung-Ho Chen: Department of Management and Information Technology, Southern Taiwan University, 1 Nan-Tai Street, Yung-Kang City Tainan 710, Taiwan

Asia-Pacific Journal of Operational Research (APJOR), 2008, vol. 25, issue 06, 753-764

Abstract: Traditional economic manufacturing quantity (EMQ) model addressed the perfect production for product. However, there possibly exists the defective product in the production process. In this paper, we present a modified EMQ model with shortage based on considering the product revenue and the inventory cost. The economic production run length, the maximum shortage level, and the optimal warranty period are simultaneously determined for obtaining the maximum expected total profit per year. The numerical example and the sensitivity analysis are further provided for illustration.

Keywords: Economic Manufacturing Quantity (EMQ); warranty period; production run length (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217595908001997
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:apjorx:v:25:y:2008:i:06:n:s0217595908001997

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217595908001997

Access Statistics for this article

Asia-Pacific Journal of Operational Research (APJOR) is currently edited by Gongyun Zhao

More articles in Asia-Pacific Journal of Operational Research (APJOR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().