Template-Type:ReDIF-Article 1.0

Author-Name:Abdullah Eroğlu
Author-Name:Erdal Aydemir
Title:A New EPQ Model for Imperfect Production, Screening, and Rework With Backorders Under Grey Uncertainty
Abstract:The occurrence of imperfect products that are studied at a specific rate during production holds a significant and
    comprehensive position in the literature. The fundamental premises underlying the research on the EOQ and EPQ models are
    as follows: there exists a specific percentage of imperfect production; that the defective rate of production is in line
    with a certain probability distribution; and that defective products are in themselves defective, repairable (rework),
    and defective (selling at a low price) etc. The studies of EPQ models that consider the inspection rate and production
    rate hold significant significance in the literature. This work presents the development of a novel EPQ model to handle
    the issue of reduced production time to eliminate backorders. The model's functioning is described by including
    uncertainty modeling, specifically using grey values to represent production rate, costs and prices.
Classification-JEL:C61, C63, C65
Keywords:Backorders, Economic production quantity model, Grey Systems Theory, Rework
Journal:Alphanumeric Journal
Pages:195-214
Volume:12
Issue:3
Year:2024
Month:December
DOI:https://doi.org/10.17093/alphanumeric.1507650
File-URL:https://www.alphanumericjournal.com/media/Issue/volume-12-issue-3-2024/a-new-epq-model-for-imperfect-production-screening-and-rewo_0sUtRfr.pdf
File-Format:Application/pdf
File-URL:https://alphanumericjournal.com/article/a-new-epq-model-for-imperfect-production-screening-and-rework-with-backorders-under-grey-uncertainty
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Handle: RePEc:anm:alpnmr:v:12:y:2024:i:3:p:195-214