An EPQ Model with Unit Production Cost and Set-Up Cost as Functions of Production Rate

Table 1

Optimal solutions for different values of 𝜀.

𝜀	𝜓	𝑄^∗	𝑃^∗	ATC*	% LOSS
0	0.10	1054.62	221	16571.58	−0.01023
0.02	0.10	1113.12	221	14879.22	10.1206
0.04	0.10	1174.86	221	13359.85	19.2984
0.06	0.10	1240.02	221	11995.82	27.5380
0.08	0.10	126.62	500	10683.06	37.5550
0.10	0.10	134.74	500	9471.08	44.6393
0.12	0.10	143.38	500	8398.54	50.9086
0.14	0.10	152.58	500	7449.28	56.4572
0.16	0.10	162.35	500	6609.02	61.3687
0.18	0.10	172.76	500	5865.14	65.7169
0.20	0.10	183.84	500	5206.48	69.5669
0.30	0.10	250.83	500	2883.93	83.1427
0.50	0.10	466.96	500	913.32	94.6614
0.70	0.10	869.31	500	307.14	98.2047
0.90	0.10	1618.35	500	112.05	99.3451