Delayed payment policy in multi-product single-machine economic production quantity model with repair failure and partial backordering

Ata Allah Taleizadeh, Biswajit Sarkar, Mohammad Hasani

Research output: Contribution to journalArticlepeer-review

9 Citations (Scopus)

Abstract

This study develops a single-machine manufacturing system for multi-product with defective items and delayed payment policy. Contradictory to the literature limited production capacity and partial backlogging are considered for more realistic result. The objective of this research is to obtain the optimal cycle length, optimal production quantity, and optimal backorder quantity of each product such that the expected total cost is minimum. The model is solved analytically. Three efficient lemmas are developed to obtain the global optimum solution of the model. An improved algorithm is designed to obtain the numerical solution of the model. An illustrative numerical example and sensitivity analysis are provided to show the practical usage of proposed method.

Original languageEnglish
Pages (from-to)1273-1296
Number of pages24
JournalJournal of Industrial and Management Optimization
Volume16
Issue number3
DOIs
Publication statusPublished - 2020 May 1

Bibliographical note

Publisher Copyright:
© 2020, American Institute of Mathematical Sciences.

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Strategy and Management
  • Control and Optimization
  • Applied Mathematics

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