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• W2068643221 abstract "The optimal replenishment policy for an economic production quantity (EPQ)-based inventory model with nonconforming items and breakdown is presented. A real-life production system inevitably generates nonconforming items and has equipment breakdowns owing to process deterioration or other uncontrollable factors. This study addressed these issues in an EPQ-based system to optimize a replenishment policy that minimizes the long-run average cost for the proposed system. Whenever a breakdown occurs, the machine is assumed to immediately be under repair, and an abort/resume inventory control policy is adopted. Under this control policy production of the interrupted lot resumes immediately after the machine is fixed and restored. A mathematical model and a recursive algorithm were used to derive the optimal replenishment policy. A numerical example was used to demonstrate the practical application and better cost efficiency of the proposed policy compared to a breakdown that occurs under a no-resumption policy." @default.
• W2068643221 created "2016-06-24" @default.
• W2068643221 creator A5004134011 @default.
• W2068643221 creator A5009975357 @default.
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• W2068643221 date "2013-09-01" @default.
• W2068643221 modified "2023-09-26" @default.
• W2068643221 title "Optimizing replenishment policy in an EPQ-based inventory model with nonconforming items and breakdown" @default.
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• W2068643221 doi "https://doi.org/10.1016/j.econmod.2013.07.004" @default.
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