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Title: On an Economic Production Quantity Model with Two Unreliable Key Components Subject to Random Failures
Authors: Lin, Gary C
Gong, Dah-Chuan
Chang, Cheng-Chang
Keywords: Economic production quantity;Unreliable component;Machine breakdown
Issue Date: Mar-2014
Publisher: NISCAIR-CSIR, India
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.
Page(s): 149-152
ISSN: 0975-1084 (Online); 0022-4456 (Print)
Appears in Collections:JSIR Vol.73(03) [March 2014]

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