Replenishment Lot Size and Number of Shipments for Epq Model Derived without Derivatives

  title={Replenishment Lot Size and Number of Shipments for Epq Model Derived without Derivatives},
  author={Kuang-Ku Chen and Singa Wang Chiu},
This paper investigates optimal replenishment lot size and optimal number of shipments for economic production quantity (EPQ) model with rework process using an algebraic approach. The classic EPQ model assumes a perfect quality production for all items produced and a continuous issuing policy for satisfying customer‟s demand. However, in a real life vendor-buyer integrated-production-inventory system, a multidelivery policy is commonly used in lieu of a continuous issuing policy and generation… CONTINUE READING


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