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Inventory Management and Loss-based Quality Costs by Mohammad Anisseh, Mohammad Reza Shahraki (Paperback, 2012)

About this product

About this product

Product Information

Inventory management is among the most important topics in operations management. The problem is to find the amount to be produced in order minimize the total expected cost. The main purpose for the inventory management is effectively utilizing inventories in the manufacturing system to meet customer requirements and bring about the minimum total cost. The classic Economic Production Quantity (EPQ) model is a mathematical model, which determines the lot sizing in a production process so that minimizes the total inventory holding cost and set up cost. The classic EPQ model is assumed that the product quality is always perfect; therefore, the quality costs are not considered as issues to influence the production lot size. This book aims to extend the existing body of knowledge on the imperfect-quality inventory problem by developing some new inventory models those relax some of the previous common assumptions of the EPQ models. The main objective is to minimize the total cost of inventory and quality in a manufacturing system with a single product. The proposed EPQ models identify the costs that exist because of poor quality and their effects on the optimal lot size and total cost.

Product Identifiers

Publisher
Lap Lambert Academic Publishing
ISBN-13
9783659122002
eBay Product ID (ePID)
138717239

Product Key Features

Author
Mohammad Anisseh, Mohammad Reza Shahraki
Publication Name
Inventory Management and Loss-Based Quality Costs
Format
Paperback
Language
English
Subject
Management
Publication Year
2012
Type
Textbook
Number of Pages
232 Pages

Dimensions

Item Height
229mm
Item Width
152mm
Item Weight
345g

Additional Product Features

Title_Author
Mohammad Anisseh, Mohammad Reza Shahraki
Country/Region of Manufacture
Germany

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