期刊
APPLIED MATHEMATICS AND COMPUTATION
卷 231, 期 -, 页码 414-421出版社
ELSEVIER SCIENCE INC
DOI: 10.1016/j.amc.2014.01.004
关键词
Inventory; Product reliability; Price and time dependent demand; Inflation
资金
- University Grants Commission (Minor Research Project) [41-1433/2012(SR)]
The paper deals with an economic manufacturing quantity (EMQ) model for the selling price and the time dependent demand pattern in an imperfect production process. Due to long-run, machine breakdown may occur, as a result, the system may shift to out-of-control state from in-control state and production systems begin to produce imperfect quality items. The production of imperfect items increases with time. All imperfect quality items are reworked at a fixed cost to restore these to its original quality. To reduce the production of the imperfect quality items, we consider reliability as a decision variable along with the development cost and the production cost as a function of reliability. The profit function is maximized by Euler-Lagrange formula. The numerical example, sensitively analysis, and graphical illustrations are given to illustrate the model. (C) 2014 Elsevier Inc. All rights reserved.
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