Department of Operations and Supply Chain NUST Business School National University of Sciences and Technology Islamabad 44000 Pakistan;
Department of Operations and Supply Chain NUST Business School National University of Sciences and Technology Islamabad 44000 Pakistan;
Department of Industrial Engineering Yonsei University Seoul 03722 Republic of Korea;
Department of Management Science Lahore Garrison University Lahore 54660 Pakistan;
Imperfect items; Rework; Shortages; Multi-period delay-in-payments; Non-derivative methodology;