An Economic Production Quantity Model for Defective Items with Trapezoidal type Demand Rate

An Economic Production Quantity Model for Defective Items with Trapezoidal type Demand Rate

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Article ID: iaor20124814
Volume: 154
Issue: 3
Start Page Number: 1055
End Page Number: 1079
Publication Date: Sep 2012
Journal: Journal of Optimization Theory and Applications
Authors: ,
Keywords: production, combinatorial optimization, demand
Abstract:

In this paper, we study the inventory model for defective items with trapezoidal type demand rate. This paper develops a model to determine the optimal product reliability and production rate that achieves the biggest total integrated profit for an imperfect manufacturing process and necessary and sufficient conditions for optimality of the dynamic variables are given. The Euler–Lagrange method is used to obtain optimal solutions for product reliability parameter and dynamic production rate. Finally, numerical examples are presented to illustrate the proposed model. Suggestions for further research are provided.

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