Optimal production lots for items with imperfect production and screening processes without using derivatives

Hui-Ming Teng and Ping-Hui Hsu

International Journal of Management and Enterprise Development, 2015, vol. 14, issue 2, 172-185

Abstract: Complicated traditional computing processes take the first and second order derivatives to obtain the EOQ/EPQ formula that are difficult to understand. This study proposes an EPQ model for imperfect items, which utilises a simple computing method without using derivatives and considers different screening rates to obtain the optimal production lots. The analytical method for sensitivity analysis is examined. A numerical example is provided to illustrate the proposed model. Using the proposed model, researchers who are unfamiliar with calculus may be able to find a solution to procedures with inventory problems more easily.

Keywords: imperfect quality; screening rates; derivatives; optimisation; production lots; imperfect production; EPQ; economic production quantity; inventory management. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=70100 (text/html)
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:ids:ijmede:v:14:y:2015:i:2:p:172-185

Access Statistics for this article

More articles in International Journal of Management and Enterprise Development from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().