Economic production quantity with inventory rationing for a decaying item

Castellano, Davide; Glock, C. H.

doi:10.1016/j.ifacol.2022.10.188

IFAC-PapersOnLine

2022

DOI: 10.1016/j.ifacol.2022.10.188

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Economic production quantity with inventory rationing for a decaying item

Davide Castellano

C. H. Glock

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Cited by 2 publications

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Enhancing production inventory management for imperfect items using fuzzy optimization strategies and Differential Evolution (DE) algorithms

Saha,

Jana,

Duary

2023

Franklin Open

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Enhancing production inventory management for imperfect items using fuzzy optimization strategies and Differential Evolution (DE) algorithms

Saha,

Jana,

Duary

2023

Franklin Open

View full text Add to dashboard Cite

Economic production quantity model with defective items, imperfect rework process, and lost sales

Aprilianti,

Garside,

Khoidir

et al. 2024

j. sist. manaj. ind.

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This study proposes an economic production quantity (EPQ) model that comprehensively addresses scrap items, imperfect quality items, rework processes, and shortages. The model incorporates various types of defective items, including scrap, imperfect quality, and rework able items, and implements immediate rework processes upon the completion of regular production. Shortages are treated as lost sales, enhancing the accuracy of inventory cost estimations. Numerical experiments demonstrate the optimality of production lot sizes and underscore the impact of production and demand rate adjustments on overall inventory costs. Sensitivity analysis further elucidates the influence of imperfect quality items on inventory costs. This EPQ model offers a comprehensive approach to efficient and effective finished product inventory management by integrating considerations for scrap items, imperfect quality items, and rework processes. Additionally, a furniture manufacturing company case is presented to illustrate the practical application of the proposed model.

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Economic production quantity with inventory rationing for a decaying item

Cited by 2 publications

References 12 publications

Enhancing production inventory management for imperfect items using fuzzy optimization strategies and Differential Evolution (DE) algorithms

Enhancing production inventory management for imperfect items using fuzzy optimization strategies and Differential Evolution (DE) algorithms

Economic production quantity model with defective items, imperfect rework process, and lost sales

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