| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10322512 | Expert Systems with Applications | 2012 | 6 Pages |
Abstract
⺠This paper combines an alternative multi-delivery policy into an imperfect EPQ model with partial rework. ⺠It extends the work of Chiu et al. [Journal of Scientific & Industrial Research, 2009; 68(6); 505-512]. ⺠It incorporates an n + 1 delivery policy instead of n deliveries for the purpose of reducing vendor's inventory holding cost. ⺠Mathematical modeling is used and as a result a closed-form optimal replenishment lot size solution to the problem is derived. ⺠A numerical example demonstrates that the research results serve the purpose of reducing vendor's holding cost significantly.
Related Topics
Physical Sciences and Engineering
Computer Science
Artificial Intelligence
Authors
Singa Wang Chiu, Yuan-Shyi Peter Chiu, Jyh-Chau Yang,