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An imperfect production process in a volume flexible inventory model
International Journal of Production Economics, no. 2 (2007): 548-559
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This paper hypothesizes an imperfect production/inventory system where the items produced are a mixture of perfect and imperfect quality. Some of the imperfect quality items can be sold at a reduced selling price. The unit production cost is taken to be a function of the finite production rate which is treated as a decision variable. The ...More
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