EOQ Models in Hybrid System with Goods Shortage Permission

摘要：

This paper is to determine the optimal manufacturing and recovery Economic Order Quantity lot-sizes in the hybrid system where manufacturing and recovery operations co-exist.Considering the effect of shortage,we minimize the total cost which includes the cost for recovery setup,the cost for manufacturing setup,the cost for holding recoverable inventory and serviceable inventory,and the cost for shortage.We derive simple formulae that determine the optimal lot-sizes for manufacturing of new items and recovery of return items.In addition,through making sensitivity analysis on model parameters,we derive some managerial insights into inventory related to effects of shortage and recovery fraction.

关键词： EOQ Lot-size Manufacturing Recovery Shortage

作者: YUAN Kaifu GAO Yang

作者单位: School of Business,Central South University,Changsha,P.R.China,410083;Guizhou College of Finance and Economics,Guiyang,P.R.China,550004

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 2742-2748

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）