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    Title: Lot size reorder point inventory model with controllable lead time and set-up cost
    Authors: 歐陽良裕;Ouyang, Liang-yuh;Chang, Horng-jinh
    Contributors: 淡江大學經營決策學系
    Date: 2002-06
    Issue Date: 2009-11-30 12:19:17 (UTC+8)
    Publisher: Taylor & Francis
    Abstract: This paper deals with the lead time and set-up cost reductions problem on the modified lot size reorder point inventory model in which the production process is imperfect. We consider that the lead time can be shortened at an extra crashing cost, which depends on the length of lead time to be reduced and the ordering lot size. The option of investing in reducing set-up cost is also included. Two commonly used investment cost functional forms, logarithmic and power, are employed for set-up cost reduction. We assume that the stochastic demand during lead time follows a Normal distribution. The objective is simultaneously to optimize the lot size, reorder point, set-up cost and lead time. An algorithm of finding the optimal solution is developed, and two numerical examples are given to illustrate the results.
    Relation: International Journal of Systems Science 33(8), pp.635-642
    DOI: 10.1080/00207720210136685
    Appears in Collections:[管理科學學系暨研究所] 期刊論文

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