Open Access
Research Article
Process mean and economic manufacturing quantity settings by considering time value of money
*Chung-Ho ChenCorresponding authorchench@stust.edu.twDepartment of Industrial Management and Information Southern Taiwan University of Science and TechnologyYong-Kang Distri, Tainan City, 71005, Taiwan, R.O.C.View full profile → , Tzu-Hsien Leethlee@stust.edu.twDepartment of Industrial Management and Information Southern Taiwan University of Science and TechnologyYong-Kang Distri, Tainan City, 71005, Taiwan, R.O.C.View full profile →
* Corresponding author · click or hover a name for details
- Received:
- 08 Mar 2023
- Published Online:
- 02 Feb 2026
- Article type:
- Research Article
- Language:
- EN
- Article no.:
- JIOS-1502
- Pages:
- 455–463
Abstract
We present the extended production problem with defective product and time value of money. The mean and production quantity are got based on the minimization of the expected cost.
Keywords
Subject Classifications
60E05 Probability distributions: general theory
References
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