Abstract
The literature has several models that jointly determine the economic production quantity (EPQ) and the rate of production. Very few models define production rate explicitly. In this article, the cutting speed controls the production rate and the proportion nonconforming. Thus, we propose a model that integrates EPQ, machining economics and quality. Even though the objective function of the model is non-convex, we show for realistic values of some technical parameters that a local minimum of the proposed mathematical model is also global. Examples clearly show the effect of the production economics factors on the optimal machining speed and production quantity.
| Original language | English |
|---|---|
| Journal | International Journal of Engineering Business Management |
| Volume | 11 |
| DOIs | |
| State | Published - 2019 |
Bibliographical note
Publisher Copyright:© The Author(s) 2019.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
Keywords
- Production planning and controlling
- industrial engineering
- manufacturing
- manufacturing planning and execution
- quality control
ASJC Scopus subject areas
- Organizational Behavior and Human Resource Management
- Management Science and Operations Research
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