A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option
In order to gain competitive advantages, managers of present-day supply chain systems need to achieve critical operation goals, such as keeping flexible fabrication schedule, retaining product quality, maintaining timely delivery, and lowering overall operating costs. Inspired by these factors, this...
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Institut za istrazivanja i projektovanja u privredi
2019-01-01
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doaj-7cbb4850c8a5412daeb21a93568fa93c2021-04-02T12:08:39ZengInstitut za istrazivanja i projektovanja u privrediIstrazivanja i projektovanja za privredu1451-41171821-31972019-01-011733623721451-41171903362LA decision model for a quality-assured EPQ-based intra-supply chain system considering overtime optionLin Hong-Dar0Chen Yu-Ru1Chiu Victoria2Peter Chiu Yuan-Shyi3Chaoyang University of Technology, Department of Industrial Engineering and Management, TaiwanChaoyang University of Technology, Department of Industrial Engineering and Management, TaiwanThe State University of New York, Department of Accounting, Finance & Law, Oswego, USAChaoyang University of Technology, Department of Industrial Engineering and Management, TaiwanIn order to gain competitive advantages, managers of present-day supply chain systems need to achieve critical operation goals, such as keeping flexible fabrication schedule, retaining product quality, maintaining timely delivery, and lowering overall operating costs. Inspired by these factors, this study developed a decision model for managers to investigate the joint impacts of quality-assured issues, overtime, and multi-shipment plan on optimal fabrication-shipment policy and on diverse system parameters of the economic production quantity (EPQ)-based supply chain system. An imperfect fabrication process producing perfect quality, repairable, and scrap items is assumed in the proposed system, along with assumptions of a flexible overtime schedule to partially expedite fabrication rate and a discontinuous multi-delivery policy for distributing end products. With a help from mathematical modeling and optimization method, the closed-form optimal fabrication-shipment policy is derived. A numerical example was employed to demonstrate applicability of our result and to expose critical managerial information of the system for supporting decision-making.https://scindeks-clanci.ceon.rs/data/pdf/1451-4117/2019/1451-41171903362L.pdfquality assuranceflexibilityoptimization of supply chainsovertimemulti-deliveryfabrication-shipment policy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Lin Hong-Dar Chen Yu-Ru Chiu Victoria Peter Chiu Yuan-Shyi |
spellingShingle |
Lin Hong-Dar Chen Yu-Ru Chiu Victoria Peter Chiu Yuan-Shyi A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option Istrazivanja i projektovanja za privredu quality assurance flexibility optimization of supply chains overtime multi-delivery fabrication-shipment policy |
author_facet |
Lin Hong-Dar Chen Yu-Ru Chiu Victoria Peter Chiu Yuan-Shyi |
author_sort |
Lin Hong-Dar |
title |
A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option |
title_short |
A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option |
title_full |
A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option |
title_fullStr |
A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option |
title_full_unstemmed |
A decision model for a quality-assured EPQ-based intra-supply chain system considering overtime option |
title_sort |
decision model for a quality-assured epq-based intra-supply chain system considering overtime option |
publisher |
Institut za istrazivanja i projektovanja u privredi |
series |
Istrazivanja i projektovanja za privredu |
issn |
1451-4117 1821-3197 |
publishDate |
2019-01-01 |
description |
In order to gain competitive advantages, managers of present-day supply chain systems need to achieve critical operation goals, such as keeping flexible fabrication schedule, retaining product quality, maintaining timely delivery, and lowering overall operating costs. Inspired by these factors, this study developed a decision model for managers to investigate the joint impacts of quality-assured issues, overtime, and multi-shipment plan on optimal fabrication-shipment policy and on diverse system parameters of the economic production quantity (EPQ)-based supply chain system. An imperfect fabrication process producing perfect quality, repairable, and scrap items is assumed in the proposed system, along with assumptions of a flexible overtime schedule to partially expedite fabrication rate and a discontinuous multi-delivery policy for distributing end products. With a help from mathematical modeling and optimization method, the closed-form optimal fabrication-shipment policy is derived. A numerical example was employed to demonstrate applicability of our result and to expose critical managerial information of the system for supporting decision-making. |
topic |
quality assurance flexibility optimization of supply chains overtime multi-delivery fabrication-shipment policy |
url |
https://scindeks-clanci.ceon.rs/data/pdf/1451-4117/2019/1451-41171903362L.pdf |
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