Article ID: | iaor19931739 |
Country: | United Kingdom |
Volume: | 31 |
Issue: | 3 |
Start Page Number: | 691 |
End Page Number: | 703 |
Publication Date: | Mar 1993 |
Journal: | International Journal of Production Research |
Authors: | Hwang H., Kim D.B., Kim Y.D. |
Keywords: | quality & reliability |
Setup time and cost reductions and quality improvements have been key issues in modern manufacturing systems. Advantages of setup time reduction are more significant when a single facility produces multiple products. This paper presents multiproduct capacitated economic production quantity models for a system in which setup reduction and qulity improvement can be achieved with one-time initial investment. Problems for models with a power functional form of the investment costs are formulated as geometric programs, and closed-form solutions for the problems are obtained. Example problems are solved to illustrate the models.