This paper revisits the economic production quantity (EPQ) model with rework process at a single-stage manufacturing system with planned backorders. It is well known that any imperfect production system of real life has random defective rates. In this direction, this paper extends an inventory model to allow random defective rates. Basically, three different inventory models are developed for three different distribution density functions such as uniform, triangular, and beta. The analytical derivation provides closed-form solution for each inventory model. We have made comparison tables of optimal results among the distribution functions. Some numerical examples and sensitivity analysis are given to illustrate the inventory models.
All Science Journal Classification (ASJC) codes
- Control and Systems Engineering
- Hardware and Architecture
- Industrial and Manufacturing Engineering