Implementation of zero acceptance number single sampling plan on EOQ with permissible delay in payment with extended payment privileges

Abstract

Traditionally, all the Economic Ordering Quantity models are developed based on the assumption that the received products are of free of defect. But in reality, the products may contain defects. Acceptance sampling plan helps to discriminate the product with the benefits of less time consuming, economic and very useful when the testing involves destructive. This study implements single sampling plan on the EOQ model with permissible delay in payments. Mathematical models are developed for extended payment privileges. Also numerical examples are provided to validate the results.