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

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  • Giri, B. C.
  • Dohi, T.

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  • 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
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    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. Daning Sun & Maurice Queyranne, 2002. "Production and Inventory Model Using Net Present Value," Operations Research, INFORMS, vol. 50(3), pages 528-537, June.
    6. Ram Rachamadugu, 1988. "Error bounds for EOQ," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 419-425, October.
    7. Harry Groenevelt & Liliane Pintelon & Abraham Seidmann, 1992. "Production Lot Sizing with Machine Breakdowns," Management Science, INFORMS, vol. 38(1), pages 104-123, January.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
    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.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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".
    5. 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.
    6. 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".
    7. Magni, Carlo Alberto, 2015. "Aggregate Return On Investment for investments under uncertainty," International Journal of Production Economics, Elsevier, vol. 165(C), pages 29-37.
    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.

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