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An improved solution to the replenishment policy for the EMQ model with rework and multiple shipments |
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| Authors: | Leopoldo Eduardo Cárdenas-Barrón Biswajit Sarkar Gerardo Treviño-Garza |
| Institution: | 1. Department of Industrial and Systems Engineering, School of Engineering, Tecnológico de Monterrey, E.Garza Sada 2501 Sur, C.P. 64849, Monterrey, N.L., Mexico;2. Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar University, West Midnapore 721102, West Bengal, India;3. Department of Marketing and International Business, School of Business, Tecnológico de Monterrey, E.Garza Sada 2501 Sur, C.P. 64849, Monterrey, N.L., Mexico |
| Abstract: | Recently, Chiu et al. (2012) 1] present an alternative optimization procedure to derive the optimal replenishment lot size for an economic manufacturing quantity (EMQ) model with rework and multiple shipments. This inventory model was proposed by Chiu et al. (2011) 2]. Both papers do not consider the determining of the number of shipments. This paper determines both the optimal replenishment lot size and the optimal number of shipments jointly. The solution of this paper is better than the solutions of Chiu et al. and . |
| Keywords: | Replenishment lot size Multiple shipments Manufacturing Rework Scrap Inventory |
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