Impact of investing in quality improvement on the lot size model

G Keller and H Noori

Omega, 1988, vol. 16, issue 6, 595-601

Abstract: This paper presents a model for justification of investing in quality improvement. Recently, Porteus [14] developed a simple model to demonstrate a significant relationship between quality and lot size. This paper extends the Porteus work to the situation where demand during lead time is probabilistic. Explicit solutions are obtained for two specific demand distributions using a logarithmic cost function.

Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0305-0483(88)90033-3
Full text for ScienceDirect subscribers only

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:eee:jomega:v:16:y:1988:i:6:p:595-601

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/supportfaq.cws_home/regional
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Omega is currently edited by B. Lev

More articles in Omega from Elsevier
Bibliographic data for series maintained by Catherine Liu ().