Joint Optimization of Economic Production Quantity and Preventive Maintenance with Considering Multi-Products and Reserve Time

Purpose: We deal with the problem of the joint determination of optimal economic production quantity (EPQ) and optimal preventive maintenance (PM) for a system that can produce multiple products alternately. The objective is to find the optimal number of production cycles and the PM policy simultane...

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Detalles Bibliográficos
Autores: Liu, Xuejuan, Wang, Binrong
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universitat Politècnica de Catalunya (UPC)
Repositorio:UPCommons. Portal del coneixement obert de la UPC
Idioma:inglés
OAI Identifier:oai:upcommons.upc.edu:2117/109211
Acceso en línea:https://hdl.handle.net/2117/109211
https://dx.doi.org/10.3926/jiem.2270
Access Level:acceso abierto
Palabra clave:Production management
Production planning
Economic production quantity
Preventive maintenance
Delay-time
Inventory
Product quality
Producció -- Direcció i administració
Producció -- Planificació
Àrees temàtiques de la UPC::Economia i organització d'empreses::Direcció d'operacions
Descripción
Sumario:Purpose: We deal with the problem of the joint determination of optimal economic production quantity (EPQ) and optimal preventive maintenance (PM) for a system that can produce multiple products alternately. The objective is to find the optimal number of production cycles and the PM policy simultaneously by minimizing the cost model. Design/methodology/approach: Considering the products go through the system in a sequence and a complete run of all products forms a production cycle. In each cycle, beyond production time we also consider some reserve time for maintenance and setup, shortage and overproduction may occur. We study the integrated problem based on two PM policies, and explain the situation with the other PM policies. The delay – time concept is used to model PM decisions. Findings: Using the integrated EPQ and PM model, we can calculate the optimal production planning and PM schedule simultaneously, especially we consider multiple products in each production cycle, which is more practical and economic than previous works. Originality/value: In modern companies, the production planning and maintenance schedule share the same system, and traditional research about two activities is separated, that always generate conflicts, such as inadequate or excessive maintenance, and shortages, etc., so we develop the integrated EPQ and PM model to avoid these undesirable effects.