Effect of repair cost on the rework decision-making in an economic production quantity model

Effect of repair cost on the rework decision-making in an economic production quantity model

0.00 Avg rating0 Votes
Article ID: iaor20072245
Country: India
Volume: 27
Issue: 3
Start Page Number: 565
End Page Number: 576
Publication Date: Sep 2006
Journal: Journal of Information & Optimization Sciences
Authors:
Keywords: maintenance, repair & replacement
Abstract:

This paper studies effects of repair cost on the rework decision-making in an imperfect quality Economic Production Quantity (EPQ) model. The optimal lot sizes and the expected annual inventory costs for the cases of EPQ model with a rework process and without any reworking of defective items are compared and analyzed. With straightforward numerical derivations, this note proposes a set of mathematical equations to assist in determining on whether it is beneficial or not to rework. Sensitivity analysis and numerical example are provided to demonstrate their practical usages.

Reviews

Required fields are marked *. Your email address will not be published.