Production lot sizing problem with sudden obsolescence and machine breakdowns
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Creator 1. Thanawath Niyamosoth
2. Supachai Pathumnakul
3. Sirikorn Prathumthip
Title Production lot sizing problem with sudden obsolescence and machine breakdowns
Publisher Faculty of Engineering, Khon Kaen University
Publication Year 2559
Journal Title KKU Engineering Journal
Journal Vol. 43
Journal No. S3
Page no. 504-508
Keyword Production lot size, Inventory control, Maintenance, Product obsolescence
ISSN 0125-8273
Abstract In this paper, an unreliable production system that produces a particular product subject to sudden obsolescence is studied. The purpose of this work is to develop an integrated product obsolescence and machine breakdowns inventory model for determining the optimal lot size that minimizes operating costs during product lifetime. Assuming that both machine failure and product obsolescence occur according to an exponential distribution, the expression for the cost function is offered. The numerical results show that both failure rate and product lifetime have significant impact in determining the optimal lot size of the integrated model.
KKU Engineering Journal

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