IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v92y2004i2p157-167.html
   My bibliography  Save this article

Optimal lot sizing for an unreliable production system based on net present value approach

Author

Listed:
  • Giri, B. C.
  • Dohi, T.

Abstract

No abstract is available for this item.

Suggested Citation

  • Giri, B. C. & Dohi, T., 2004. "Optimal lot sizing for an unreliable production system based on net present value approach," International Journal of Production Economics, Elsevier, vol. 92(2), pages 157-167, November.
    • Handle: RePEc:eee:proeco:v:92:y:2004:i:2:p:157-167
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925-5273(03)00313-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Ram Rachamadugu, 1988. "Error bounds for EOQ," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 419-425, October.
    2. Harry Groenevelt & Liliane Pintelon & Abraham Seidmann, 1992. "Production Lot Sizing with Machine Breakdowns," Management Science, INFORMS, vol. 38(1), pages 104-123, January.
    3. Klein Haneveld, Willem K. & Teunter, Ruud H., 1998. "Effects of discounting and demand rate variability on the EOQ," International Journal of Production Economics, Elsevier, vol. 54(2), pages 173-192, January.
    4. van der Laan, Erwin, 2003. "An NPV and AC analysis of a stochastic inventory system with joint manufacturing and remanufacturing," International Journal of Production Economics, Elsevier, vol. 81(1), pages 317-331, January.
    5. G. Hadley, 1964. "A Comparison of Order Quantities Computed Using the Average Annual Cost and the Discounted Cost," Management Science, INFORMS, vol. 10(3), pages 472-476, April.
    6. M. Berg & M. J. M. Posner & H. Zhao, 1994. "Production-Inventory Systems with Unreliable Machines," Operations Research, INFORMS, vol. 42(1), pages 111-118, February.
    7. Chao, Hung-po, 1992. "The EQQ model with stochastic demand and discounting," European Journal of Operational Research, Elsevier, vol. 59(3), pages 434-443, June.
    8. Daning Sun & Maurice Queyranne, 2002. "Production and Inventory Model Using Net Present Value," Operations Research, INFORMS, vol. 50(3), pages 528-537, June.
    9. T. Bielecki & P. R. Kumar, 1988. "Optimality of Zero-Inventory Policies for Unreliable Manufacturing Systems," Operations Research, INFORMS, vol. 36(4), pages 532-541, August.
    10. Dohi, Tadashi & Okamura, Hiroyuki & Osaki, Shunji, 2001. "Optimal control of preventive maintenance schedule and safety stocks in an unreliable manufacturing environment," International Journal of Production Economics, Elsevier, vol. 74(1-3), pages 147-155, December.
    11. Harry Groenevelt & Liliane Pintelon & Abraham Seidmann, 1992. "Production Batching with Machine Breakdowns and Safety Stocks," Operations Research, INFORMS, vol. 40(5), pages 959-971, October.
    12. Jaber, Mohamad Y. & Bonney, Maurice, 2001. "Economic lot sizing with learning and continuous time discounting: Is it significant?," International Journal of Production Economics, Elsevier, vol. 71(1-3), pages 135-143, May.
    13. Kim, Chang Hyun & Hong, Yushin, 1997. "An extended EMQ model for a failure prone machine with general lifetime distribution," International Journal of Production Economics, Elsevier, vol. 49(3), pages 215-223, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Liu, Xuejuan & Wang, Wenbin & Peng, Rui, 2015. "An integrated production, inventory and preventive maintenance model for a multi-product production system," Reliability Engineering and System Safety, Elsevier, vol. 137(C), pages 76-86.
    2. Magni, Carlo Alberto, 2015. "Investment, financing and the role of ROA and WACC in value creation," European Journal of Operational Research, Elsevier, vol. 244(3), pages 855-866.
    3. Carlo Alberto Magni, 2015. "Investment, financing and the role of ROA and WACC in value creation," Department of Economics 0050, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    4. Lin, Tyrone T., 2009. "Applying the maximum NPV rule with discounted/growth factors to a flexible production scale model," European Journal of Operational Research, Elsevier, vol. 196(2), pages 628-634, July.
    5. Petković, Dalibor & Shamshirband, Shahaboddin & Kamsin, Amirrudin & Lee, Malrey & Anicic, Obrad & Nikolić, Vlastimir, 2016. "Survey of the most influential parameters on the wind farm net present value (NPV) by adaptive neuro-fuzzy approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1270-1278.
    6. Magni, Carlo Alberto, 2015. "Aggregate Return On Investment for investments under uncertainty," International Journal of Production Economics, Elsevier, vol. 165(C), pages 29-37.
    7. Carlo Alberto Magni, 2015. "ROI and profitability index: A note on managerial performance," Department of Economics 0048, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
    8. Beullens, Patrick & Janssens, Gerrit K., 2011. "Holding costs under push or pull conditions - The impact of the Anchor Point," European Journal of Operational Research, Elsevier, vol. 215(1), pages 115-125, November.
    9. Schemeleva, Kseniya & Delorme, Xavier & Dolgui, Alexandre, 2018. "Evaluation of solution approaches for a stochastic lot-sizing and sequencing problem," International Journal of Production Economics, Elsevier, vol. 199(C), pages 179-192.
    10. Lin, Tyrone T. & Huang, Shio-Ling, 2010. "An entry and exit model on the energy-saving investment strategy with real options," Energy Policy, Elsevier, vol. 38(2), pages 794-802, February.
    11. Giri, B. C. & Yun, W. Y., 2005. "Optimal lot sizing for an unreliable production system under partial backlogging and at most two failures in a production cycle," International Journal of Production Economics, Elsevier, vol. 95(2), pages 229-243, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. B C Giri & T Dohi, 2005. "Exact formulation of stochastic EMQ model for an unreliable production system," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(5), pages 563-575, May.
    2. Om Prakash & A.R. Roy & A. Goswami, 2014. "Stochastic manufacturing system with process deterioration and machine breakdown," International Journal of Systems Science, Taylor & Francis Journals, vol. 45(12), pages 2539-2551, December.
    3. Peymankar, Mahboobe & Dehghanian, Farzad & Ghiami, Yousef & Abolbashari, Mohammad Hassan, 2018. "The effects of contractual agreements on the economic production quantity model with machine breakdown," International Journal of Production Economics, Elsevier, vol. 201(C), pages 203-215.
    4. Giri, B. C. & Yun, W. Y. & Dohi, T., 2005. "Optimal design of unreliable production-inventory systems with variable production rate," European Journal of Operational Research, Elsevier, vol. 162(2), pages 372-386, April.
    5. Giri, B. C. & Yun, W. Y., 2005. "Optimal lot sizing for an unreliable production system under partial backlogging and at most two failures in a production cycle," International Journal of Production Economics, Elsevier, vol. 95(2), pages 229-243, February.
    6. Bouslah, Bassem & Gharbi, Ali & Pellerin, Robert, 2013. "Joint optimal lot sizing and production control policy in an unreliable and imperfect manufacturing system," International Journal of Production Economics, Elsevier, vol. 144(1), pages 143-156.
    7. Jeang, Angus, 2012. "Simultaneous determination of production lot size and process parameters under process deterioration and process breakdown," Omega, Elsevier, vol. 40(6), pages 774-781.
    8. Corbacioglu, Umut & van der Laan, Erwin A., 2007. "Setting the holding cost rates in a two-product system with remanufacturing," International Journal of Production Economics, Elsevier, vol. 109(1-2), pages 185-194, September.
    9. Chakraborty, Tulika & Giri, B.C. & Chaudhuri, K.S., 2008. "Production lot sizing with process deterioration and machine breakdown," European Journal of Operational Research, Elsevier, vol. 185(2), pages 606-618, March.
    10. Farvid, Mojtaba & Rosling, Kaj, 2014. "The discounted (R,Q) inventory model—The Shrewd Accountant's Heuristic," International Journal of Production Economics, Elsevier, vol. 149(C), pages 17-27.
    11. Harun Öztürk, 2021. "Optimal production run time for an imperfect production inventory system with rework, random breakdowns and inspection costs," Operational Research, Springer, vol. 21(1), pages 167-204, March.
    12. Hsieh, Tsu-Pang & Dye, Chung-Yuan & Ouyang, Liang-Yuh, 2008. "Determining optimal lot size for a two-warehouse system with deterioration and shortages using net present value," European Journal of Operational Research, Elsevier, vol. 191(1), pages 182-192, November.
    13. Gonçalves, João N.C. & Sameiro Carvalho, M. & Cortez, Paulo, 2020. "Operations research models and methods for safety stock determination: A review," Operations Research Perspectives, Elsevier, vol. 7(C).
    14. Musa, Abubakar & Sani, Babangida, 2012. "Inventory ordering policies of delayed deteriorating items under permissible delay in payments," International Journal of Production Economics, Elsevier, vol. 136(1), pages 75-83.
    15. Daning Sun & Maurice Queyranne, 2002. "Production and Inventory Model Using Net Present Value," Operations Research, INFORMS, vol. 50(3), pages 528-537, June.
    16. Serrano, Alejandro & Oliva, Rogelio & Kraiselburd, Santiago, 2017. "On the cost of capital in inventory models with deterministic demand," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 14-20.
    17. Mohebbi, E., 2008. "A note on a production control model for a facility with limited storage capacity in a random environment," European Journal of Operational Research, Elsevier, vol. 190(2), pages 562-570, October.
    18. Chiu, Singa Wang & Wang, Shan-Ling & Chiu, Yuan-Shyi Peter, 2007. "Determining the optimal run time for EPQ model with scrap, rework, and stochastic breakdowns," European Journal of Operational Research, Elsevier, vol. 180(2), pages 664-676, July.
    19. Ramasesh, Ranga V., 2010. "Lot-sizing decisions under limited-time price incentives: A review," Omega, Elsevier, vol. 38(3-4), pages 118-135, June.
    20. van der Laan, Erwin, 2003. "An NPV and AC analysis of a stochastic inventory system with joint manufacturing and remanufacturing," International Journal of Production Economics, Elsevier, vol. 81(1), pages 317-331, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:92:y:2004:i:2:p:157-167. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.