Abstract
In this paper, we consider an Economic Order Quantity (EOQ) model with imperfect quality items. The items undergo quality screening for which both the cost and the defect detection rate depend on the time spent on this operation. We consider various functional forms for the screening cost and the defect detection functions. In particular, nonlinear forms lead to nonconvexities in the total cost function. We solve the model analytically for a selected set of assumptions and provide discussion and managerial implications.
Original language | English |
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Title of host publication | Proceedings of the 2019 International Conference on Industrial Engineering and Systems Management (IESM 2019) |
Editors | Feifeng Zheng, Feng Chu, Ming Liu |
Publisher | Institute of Electrical and Electronics Engineers Inc. |
ISBN (Electronic) | 9781728115665, 9781728115658 |
ISBN (Print) | 9781728115672 |
DOIs | |
Publication status | Published - Sept 2019 |
Event | 2019 International Conference on Industrial Engineering and Systems Management, IESM 2019 - Shanghai, China Duration: 25 Sept 2019 → 27 Sept 2019 |
Publication series
Series | Proceedings of the 2019 International Conference on Industrial Engineering and Systems Management, IESM 2019 |
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Conference
Conference | 2019 International Conference on Industrial Engineering and Systems Management, IESM 2019 |
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Country/Territory | China |
City | Shanghai |
Period | 25/09/19 → 27/09/19 |
Bibliographical note
Publisher Copyright:© 2019 IEEE.
Keywords
- EOQ
- Inventory control
- optimal lot size
- screening
- screening speed