Article ID: | iaor19981115 |
Country: | United Kingdom |
Volume: | 35 |
Issue: | 6 |
Start Page Number: | 1523 |
End Page Number: | 1533 |
Publication Date: | Jun 1997 |
Journal: | International Journal of Production Research |
Authors: | Al-Sultan K.S., Al-Fawzan M.A. |
In this paper, we consider the model of Rahim and Banerjee for a process with random linear drift. We present a modification of this model, then we study the effect of the variance of the process on the optimal production cycle, and consequently on the total cost per good item. We also provide a numerical example.