TY  - JOUR
AV  - none
KW  - Ships
KW  -  Continuous variables; Decision variables; Discrete variables; EPQ inventory models; Inventory modeling; Multiple deliveries; Replenishment lot sizes; Solution procedure
KW  -  Inventory control
ID  - scholars6289
TI  - Determining replenishment lot size and shipment policy for an EPQ inventory model with delivery and rework
N1  - cited By 32
N2  - The determination of production-shipment policies for a vendor-buyer system is dealt within this paper. The main objective is to derive the optimal replenishment lot size and shipment policy for an EPQ inventory model with multiple deliveries and rework. This inventory model contains two decision variables: the replenishment lot size and the number of deliveries. Previous researches solve this inventory model considering both variables to be continuous. However, the number of deliveries must be considered as a discrete variable. In this direction, this paper solves the inventory model considering two cases: Case 1: the replenishment lot size as a continuous variable and the number of shipments as a discrete variable and Case 2: the replenishment lot size and the number of shipments as discrete variables. The final results are two simple and easy-to-apply solution procedures to find the optimal values for the replenishment lot size and the number of deliveries for each case. © 2015 Leopoldo Eduardo Cárdenas-Barrón et al.
SN  - 1024123X
PB  - Hindawi Publishing Corporation
Y1  - 2015///
VL  - 2015
UR  - https://www.scopus.com/inward/record.uri?eid=2-s2.0-84939630379&doi=10.1155%2f2015%2f595498&partnerID=40&md5=5f6b1c7b6d36e2bcf5fa615fde2c7fed
JF  - Mathematical Problems in Engineering
A1  - Cárdenas-Barrón, L.E.
A1  - Treviño-Garza, G.
A1  - Taleizadeh, A.A.
A1  - Vasant, P.
ER  -