Impacts of random scrap rate on production system in supply chain environment with a specific shipping policy | Zendy

Cheng Feng Tsung | Zendy; Chen Ku | Zendy; Peter Chiu Yuan Shyi | Zendy; Chang Huei Hsin | Zendy

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Impacts of random scrap rate on production system in supply chain environment with a specific shipping policy

Author(s) -

Cheng Feng Tsung,

Chen Ku,

Peter Chiu Yuan Shyi,

Chang Huei Hsin

Publication year - 2011

Publication title -

scientific research and essays

Language(s) - English

Resource type - Journals

ISSN - 1992-2248

DOI - 10.5897/sre11.806

Subject(s) - scrap , supply chain , production (economics) , production rate , hessian matrix , vendor , production system (computer science) , imperfect , business , computer science , industrial organization , environmental economics , environmental science , operations research , agricultural engineering , manufacturing engineering , microeconomics , economics , mathematics , marketing , engineering , mechanical engineering , linguistics , philosophy

This paper examines impacts of random scrap rate on production system in supply chain environment with a specific n+1 distribution policy. The purpose of introducing such a specific shipping policy is to cut down inventory holding costs for both producer and customer in vendor-buyer supply chain environment. Mathematical modeling along with Hessian matrix equations is used to simultaneously determine the optimal policies for production lot-size as well as number of shipments first. Then impacts of random scrap rate on the proposed system are analyzed. Numerical example is provided to show its practical usage and to demonstrate impacts of scrap rate on the system. Key words: Imperfect production system, random scrap rate, replenishment lot size.

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