Optimum production and inspection modeling with minimal repair and rework considerations |
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Authors: | Wen-Ying Wang |
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Institution: | Department of Business Administration, Tungnan University, New Taipei City 222, Taiwan |
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Abstract: | This paper extends an integrated model of economic production quantity (EPQ) and preventive maintenance (PM) to incorporate possibilities of minimal repair and rework. Our model determines simultaneously the optimal number of inspections, the inspection interval, the EPQ, and the PM level. Numerical examples of Weibull shock models are given to show that allowing minimal repair and rework will raise the expected profit. Our analyses demonstrate that both minimal repair and rework significantly influence the optimal policy. |
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Keywords: | Production economics Preventive maintenance Imperfect process Imperfect rework Minimal repair Operation strategy |
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