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Journals / Mathematical and Computational Applications / 2013 / Cilt: 18 - Sayı: 2

Easy and improved algorithms to joint determination of the replenishment lot size and number of shipments for an epq model with rework

Leopoldo Eduardo Cárdenas BARRÓN
Biswajit SARKAR
Gerardo Treviño GARZA
Pages
132–138
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Two easy and improved algorithms are proposed which simplify and complement the research works of [1-2].

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Recently, in Mathematical and Computational Applications Journal Chiu et al. [1] and Chen and Chiu [2] propose an inventory model based on EPQ with rework to determine the replenishment lot size and the number of shipments for a vendor-buyer integrated production-inventory system.
📊
Key Findings & Data:In this direction, this paper revisits and solves the inventory problem of [1-2] considering the decision variables according to their nature.
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Conclusion & Impact:Two easy and improved algorithms are proposed which simplify and complement the research works of [1-2].
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Recently, in Mathematical and Computational Applications Journal Chiu et al. [1] and Chen and Chiu [2] propose an inventory model based on EPQ with rework to determine the replenishment lot size and the number of shipments for a vendor-buyer integrated production-inventory system. They solve the inventory problem by considering both variables as continuous. However, the number of shipments must be considered as discrete variable. In this direction, this paper revisits and solves the inventory problem of [1-2] considering the decision variables according to their nature. Two easy and improved algorithms are proposed which simplify and complement the research works of [1-2].

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Cite This Article

BARRÓN, L. E. C., SARKAR, B., GARZA, G. T. (2013). Easy and improved algorithms to joint determination of the replenishment lot size and number of shipments for an epq model with rework. Mathematical and Computational Applications, Cilt: 18 - Sayı: 2, 132–138. https://ajindex.com/articles/279854

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References (15)

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