• Title of article

    Notes on the mathematical modeling approach used to determine the replenishment policy for the EMQ model with rework and multiple shipments

  • Author/Authors

    Chiu، نويسنده , , Singa Wang and Chen، نويسنده , , Kuang-Ku and Chiu، نويسنده , , Yuan-Shyi Peter and Ting، نويسنده , , Chia-Kuan Ting، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2012
  • Pages
    5
  • From page
    1964
  • To page
    1968
  • Abstract
    A recent article (Chiu et al. (2011) [22]) used mathematical modeling along with differential calculus to derive the optimal replenishment lot size for an economic manufacturing quantity (EMQ) model with rework and multiple shipments. Unlike the conventional method that uses differential calculus with the system cost function to solve the economic lot size problem, this paper proposes a straightforward algebraic approach. It is demonstrated that both the optimal replenishment lot size Q ∗ and a simplified form for the long-run average cost E[TCU( Q ∗ )] for such a specific lot size problem can be derived without using differential calculus. This approach enables practitioners or students who may not have sufficient knowledge of differential calculus to better understand such a practical vendor–buyer integrated system.
  • Keywords
    inventory , Multiple shipments , Scrap , Replenishment lot-size , Manufacturing , Algebraic approach , Rework
  • Journal title
    Applied Mathematics Letters
  • Serial Year
    2012
  • Journal title
    Applied Mathematics Letters
  • Record number

    1528578