A simplified approach to the multi-item economic production quantity model with scrap, rework, and multi-delivery

Abstract

In a recent paper, Chiu et al. (2014) utilized mathematical modeling and differential calculus to determine the common production cycle time that minimizes total production, inventory, and delivery costs for a multi-item economic production quantity (EPQ) model with scrap, rework, and multi-delivery. The present study proposes an algebraic approach substituting the use of differential calculus on the system cost function for deriving the optimal common cycle time in the aforementioned multi-item EPQ model. This simplified approach may enable managing practitioners to resolve real multi-item EPQ models more effectively. All Rights Reserved © 2015 Universidad Nacional Autónoma de México, Centro de Ciencias Aplicadas y Desarrollo Tecnológico. This is an open access item distributed under the Creative Commons CC License BY-NC-ND 4.0.