English, Article edition: ECONOMIC PRODUCTION RUN LENGTH AND WARRANTY PERIOD FOR PRODUCT WITH WEIBULL LIFETIME CHUNG-HO CHEN

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Bookmark: http://trove.nla.gov.au/version/131677
Physical Description
  • article
Language
  • English

Edition details

Title
  • ECONOMIC PRODUCTION RUN LENGTH AND WARRANTY PERIOD FOR PRODUCT WITH WEIBULL LIFETIME
Author
  • CHUNG-HO CHEN
Physical Description
  • article
Notes
  • Traditional economic manufacturing quantity (EMQ) model addressed the perfect production for product. However, there possibly exists the defective product in the production process. In this paper, we present a modified EMQ model with shortage based on considering the product revenue and the inventory cost. The economic production run length, the maximum shortage level, and the optimal warranty period are simultaneously determined for obtaining the maximum expected total profit per year. The numerical example and the sensitivity analysis are further provided for illustration.
  • Economic Manufacturing Quantity (EMQ), warranty period, production run length
  • RePEc:wsi:apjorx:v:25:y:2008:i:06:p:753-764
Language
  • English
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