Abstract
This paper considers an Economic Production Quantity (EPQ) model with an imperfect machine affected by two unreliable key components that may fail randomly due to three independent sources of shocks during a production run. A no-resumption (NR) policy and an abort-resume (AR) policy are investigated. One property and various near-optimal solutions are obtained. Numerical examples are provided to illustrate the quality of these solutions by comparing them with results obtained in use of a genetic algorithm.
| Original language | English |
|---|---|
| Pages (from-to) | 149-152 |
| Number of pages | 4 |
| Journal | Journal of Scientific and Industrial Research |
| Volume | 73 |
| Issue number | 3 |
| State | Published - 03 2014 |
| Externally published | Yes |
Keywords
- Economic production quantity
- Machine breakdown
- Unreliable component