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An EOQ Model for Defective Items with Shortages
| Content Provider | Semantic Scholar |
|---|---|
| Author | Wang, Kuo-Hsien |
| Copyright Year | 2011 |
| Abstract | An inventory management system for defective items with backordered shortages is explored, in which we assume that the quality of an ordered lot is not always 100% perfect, so a screening process to each product is conducted to split that lot into perfect and defective products. Meanwhile, the defective products include imperfect and scrap ones, which will be sold at a discount price and disposed of at a cost, respectively. This paper aims at finding the optimal order size and optimal backorder level for each cycle by minimizing a simpler objective of expected total cost per unit time, instead of utilizing the somewhat complex expected total profit per unit time in Eroglu and Ozdemir’s (2007) paper. Sequentially, we also make numerous previous models as special cases of this paper. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.jgbm.org/page/5%20Yu-Je%20Lee%20.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
