 A deterministic multi product single machine EPQ model with backordering, scraped products, rework and interruption in manufacturing processAta Allah Taleizadeh, Leopoldo Eduardo Cárdenas-Barrón () and Babak Mohammadi International Journal of Production Economics, 2014, vol. 150, issue C, 9-27 Abstract: In this paper, an economic production quantity (EPQ) inventory model with interruption in process, scrap and rework is developed and analyzed. The inventory model is for multiple products and all products are manufactured in a unique machine. Obviously, the existence of only one machine results in limited production capacity and shortages. Therefore, shortages are permitted and fully backordered. In this EPQ inventory model, the decision variables are cycle length and backordered quantities of each product and the main objective is to minimize the expected total cost. An easy to use solution procedure is developed for finding the optimal solution. Numerical examples are provided to perform a sensitivity analysis. Finally, some conclusions and future researches are included. Keywords: Inventory control; Economic production quantity; Rework; Scrap; Backordering (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:150:y:2014:i:c:p:9-27 DOI: 10.1016/j.ijpe.2013.11.023 Access Statistics for this article International Journal of Production Economics is currently edited by Stefan Minner More articles in International Journal of Production Economics from Elsevier |
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