AN INVENTORY MODEL WITH REWORKING AND SETUP TIME TO CONSIDER EFFECT OF INFLATION AND TIME VALUE OF MONEY
This paper investigates the effect of inflation and time value of money on an economic production quantity (EPQ) model in the single product system while the shortage of inventory is not allowed and production of defective parts during the production process and also setup time for reworking have be...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor's University
2016-03-01
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| Series: | Journal of Engineering Science and Technology |
| Subjects: | |
| Online Access: | http://jestec.taylors.edu.my/Vol%2011%20issue%203%20March%202016/Volume%20(11)%20Issue%20(3)%20416-430.pdf |