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Optimal lot size with rework, inspection errors and scrap items

Haji, A ; Sharif University of Technology | 2006

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  1. Type of Document: Article
  2. Publisher: 2006
  3. Abstract:
  4. The classical economic production quantity (EPQ) model is a well-known and commonly used inventory control technique. A common assumption in the EPQ model is that all units produced are of perfect quality, since in practice non-conforming product or scrap items are possible, this assumption will underestimate the actual required quantity. The objective of this paper is to provide a framework to integrate product of imperfect quality items, inspection errors, rework and scrap items into a single EPQ model. To achieve this objective a suitable mathematical model is defined and the optimal production lot size which minimizes the total cost is obtained
  5. Keywords:
  6. Epq ; Inspection errors ; Production lot size ; Rework ; Scrap ; Industrial economics ; Industrial engineering ; Mathematical models ; Optimization
  7. Source: 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006, Taipei, 20 June 2006 through 23 June 2006 ; 2006 , Pages 764-771
  8. URL: https://www.researchgate.net/publication/289123440_Optimal_lot_size_with_rework_inspection_errors_and_scrap_items