TITLE

SINGLE PERIOD PRODUCTION PROBLEM WITH SCRAP AND REWORK

AUTHOR(S)
Charkhsaz, Fatemeh; Haji, Alireza
PUB. DATE
March 2012
SOURCE
International Journal of Control Theory & Computer Modeling;Mar2012, Vol. 2 Issue 2, p15
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The classical single period problem (SPP) has wide use especially in service industries which constitute a great part of the economy. In this paper, a single period production problem is considered as a specific type of SPP. This SPP model is developed by considering the probability of scrap and rework in production at the beginning and during the period. Then, optimal solution is obtained in order to maximize the expected value of total profit. In case of producing the scrap items and defective items, which need rework, the optimal profit of system in comparison to ideal production system reduces. In addition, reduction of profit is more sensitive by increasing the probability of producing scrap items in comparison to the probability of producing defective items. These results would help managers in order to make appropriate decisions on changing or revising machines or technologies.
ACCESSION #
79921271

 

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