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Economic Production Run Length And Warranty Period For Product With Weibull Lifetime

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  • CHUNG-HO CHEN

    (Department of Management and Information Technology, Southern Taiwan University, 1 Nan-Tai Street, Yung-Kang City Tainan 710, Taiwan)

Abstract

Traditional economic manufacturing quantity (EMQ) model addressed the perfect production for product. However, there possibly exists the defective product in the production process. In this paper, we present a modified EMQ model with shortage based on considering the product revenue and the inventory cost. The economic production run length, the maximum shortage level, and the optimal warranty period are simultaneously determined for obtaining the maximum expected total profit per year. The numerical example and the sensitivity analysis are further provided for illustration.

Suggested Citation

  • Chung-Ho Chen, 2008. "Economic Production Run Length And Warranty Period For Product With Weibull Lifetime," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 25(06), pages 753-764.
    • Handle: RePEc:wsi:apjorx:v:25:y:2008:i:06:n:s0217595908001997
    DOI: 10.1142/S0217595908001997
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    References listed on IDEAS

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    1. Antonio Fuster Olivares & Jose Miguel Giner Perez & Mª Carmen Tolosa Bailen, 2004. "The new economy in Spain: a regional analysis," ERSA conference papers ersa04p284, European Regional Science Association.
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