This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.
This book examines inventory and production strategies that can reduce unexpected breakdown costs. It highlights different EPQ models to deal with such problems, providing optimal value derivations for decision variables. It provides proofs for concavity or convexity of objective functions. The chapters also include numerical examples for all the developed mathematical models. Imperfect Inventory Systems: Inventory and Production Management and Breakdown should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.
Focuses on inventory and production systems as scrap and rework strategies are applied Presents how to reduce unexpected breakdown costs in production lines Presents inventory systems for imperfect single and multi-product situations
Ata Allah Taleizadeh
Inventory Management Inventory Systems Production Design Economic Production Quantity Model EPQ Model Scrap Rework Quality Consideration Operations Management Supply Chains Supply Chain Quality Engineering Economics