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• W898412172 abstract "In studying an EOQ-like inventory model for a manufacturing process, a number of findings were made. The system can go out of control resulting in a relatively minor problem state or break-down. When the production system is in the minor problem statei produces a number of defective items. It is assumed that each defective piece requires rework cost and related operations. Once the machine breakdown takes place, the production system produces severely defective items that are completely unusable. Each completely unusuable item is immediately discarded and incurs handling cost, scrapped raw material cost and related operations. Two investment options in improving the production process are introduced : (1) reducing the probability of machine breakdown, breakdowns, and (2) simultaneously reducing the probability of machine breakdowns and setup costs. By assuming specific forms of investment cost function, the optimal investment policies are obtained explicitly. Finally, to better understand the model in this paper, the sensitivity of these solutions to changes in parameter values and numerical examples are provided.amples are provided." @default.
• W898412172 created "2016-06-24" @default.
• W898412172 creator A5072515962 @default.
• W898412172 date "1997-01-01" @default.
• W898412172 modified "2023-09-23" @default.
• W898412172 title "Process Reliability Improvement and Setup Cost Reduction in Imperfect Production System" @default.
• W898412172 hasPublicationYear "1997" @default.
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