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 Trevino-Garza

Research output: Contribution to journalArticle

40 Citations (Scopus)

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].

Original languageEnglish
Pages (from-to)132-138
Number of pages7
JournalMathematical and Computational Applications
Volume18
Issue number2
DOIs
Publication statusPublished - 2013

All Science Journal Classification (ASJC) codes

  • Engineering(all)
  • Computational Mathematics
  • Applied Mathematics

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