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Quality improvement and backorder price discount under controllable lead time in an inventory model

Title
Quality improvement and backorder price discount under controllable lead time in an inventory model
Author
Sarkar, Biswajit
Keywords
Quality improvement; Backorder price discount; Distribution free approach; SETUP COST REDUCTION; ECONOMIC PRODUCTION QUANTITY; IMPERFECT PRODUCTION PROCESS; SERVICE LEVEL CONSTRAINT; STOCK-DEPENDENT DEMAND; FREE NEWSBOY PROBLEM; REWORK PROCESS; EOQ MODEL; EMQ MODEL; EXTENSIONS
Issue Date
2015-04
Publisher
ELSEVIER SCI LTD
Citation
JOURNAL OF MANUFACTURING SYSTEMS, v. 35, Page. 26-36
Abstract
"The proposed study investigates a continuous review inventory model with order quantity, reorder point, backorder price discount, process quality, and lead time as decision variables. An investment function is used to improve the process quality. Two models are developed based on the probability distribution of lead time demand. The lead time demand follows a normal distribution in the first model and in the second model it does not follow any specific distribution but mean and standard deviation are known. We prove two lemmas to obtain optimal solutions for the normal distribution model and distribution free model. Finally, some numerical examples are given to illustrate the model. (C) 2014 The Society of Manufacturing Engineers. Published by Elsevier Ltd. All rights reserved."
URI
http://www.sciencedirect.com/science/article/pii/S0278612514001411http://hdl.handle.net/20.500.11754/34262
ISSN
0278-6125
DOI
10.1016/j.jmsy.2014.11.012
Appears in Collections:
COLLEGE OF ENGINEERING SCIENCES[E](공학대학) > INDUSTRIAL AND MANAGEMENT ENGINEERING(산업경영공학과) > Articles
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