Research Article

Determining Replenishment Lot Size and Shipment Policy for an EPQ Inventory Model with Delivery and Rework

Table 1

Data for the example.

Parameter From Chiu et al. [7] and Chiu et al. [8]

100
60
20
0.1
20000
2000
20
40
80
3400
60000
2100
Uniform (0, 0.3)
0.1
0.1
0.1
0.19

Remember that for a uniform distribution with range (a, b) the expected value is defined as .