| Article ID: | iaor19972240 |
| Country: | United Kingdom |
| Volume: | 48 |
| Issue: | 1 |
| Start Page Number: | 97 |
| End Page Number: | 99 |
| Publication Date: | Jan 1997 |
| Journal: | Journal of the Operational Research Society |
| Authors: | Larsen C. |
| Keywords: | production |
This paper considers a variant of the well known economic production lot model where the production rate is a decision variable. The paper shows that the following response mechanism can be optimal, namely as a response to an increased demand rate to decrease the production rate.