Recently, Chiu et al. (2012)  present an alternative optimization procedure to derive the optimal replenishment lot size for an economic manufacturing quantity (EMQ) model with rework and multiple shipments. This inventory model was proposed by Chiu et al. (2011) . Both papers do not consider the determining of the number of shipments. This paper determines both the optimal replenishment lot size and the optimal number of shipments jointly. The solution of this paper is better than the solutions of Chiu et al. [1,2].
|Number of pages||6|
|Journal||Applied Mathematical Modelling|
|Publication status||Published - 2013 Apr 1|
Bibliographical noteFunding Information:
This research was supported by the Tecnológico de Monterrey research fund numbers CAT128 and CAT185. The first author would like to thank Sarai Rodrı´guez Payán, Italia Tatnaı´ Cárdenas Rodrı´guez, David Nahúm Cárdenas Rodrı´guez, and Zuriel Eluzai Cárdenas Rodrı´guez for their valuable support during the development of this paper.
All Science Journal Classification (ASJC) codes
- Modelling and Simulation
- Applied Mathematics