Deterministic inventory models for variable production

Deterministic inventory models for variable production

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Article ID: iaor199892
Country: United Kingdom
Volume: 48
Issue: 2
Start Page Number: 221
End Page Number: 224
Publication Date: Feb 1997
Journal: Journal of the Operational Research Society
Authors: ,
Abstract:

This paper presents two deterministic inventory models for a single item, where for the first model, the production rate at any instant depends on the on-hand inventory and for the second one, it is demand dependent. However, in both cases, the demand rate at any moment of time is a linear function of time for the scheduling period. Both the models are formulated and solved without allowing shortages. Two numerical examples have been added to illustrate the results.

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