A capacitated production-inventory model with periodic demand

A capacitated production-inventory model with periodic demand

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Article ID: iaor2000658
Country: United States
Volume: 46
Issue: 6
Start Page Number: 899
End Page Number: 911
Publication Date: Nov 1998
Journal: Operations Research
Authors: ,
Keywords: production
Abstract:

For a single product, single-stage capacitated production-inventory model with stochastic, periodic (cyclic) demand, we find the optimal policy and characterize some of its properties. We study the finite-horizon, the discounted infinite-horizon and the infinite-horizon average cases. A simulation based optimization method is provided to compute the optimal parameters. Based on a numerical study, several insights into the model are also provided.

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