Article
Integration of economic production quantity in optimization design of control chart based on loss function and random process shift
The purpose of this paper is to develop an extensive economic production quantity (EPQ) model on the basis of previous research. Considering an imperfect three-state production process, this paper makes contributions to an integrated model combining conceptions of quality loss and design of control chart based on EPQ model. The objective is to minimize the total production cost with the determination of EPQ and design parameters of control chart subjected to quality loss and other process costs.
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