Joint lot sizing and inspection policy in an EOQ model with random yield

Xin Zhang, Yigal Gerchak

Research output: Contribution to journalArticlepeer-review

Abstract

We study a joint lot sizing and inspection policy under an EOQ model where a random proportion of units are defective. Those units can be discovered only through costly inspections. The problem is thus bivariate:both lot size and fraction to inspect are to be chosen. We first analyze a model in which the only penalty for uninspected defectives is financial, and then consider a model where defective units cannot be used and thus must be replaced by non-defective ones.

Original languageEnglish
Pages (from-to)41-47
Number of pages7
JournalIIE Transactions (Institute of Industrial Engineers)
Volume22
Issue number1
DOIs
StatePublished - Mar 1990
Externally publishedYes

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