A variable production scheduling policy for deteriorating items with time-varying demand

A variable production scheduling policy for deteriorating items with time-varying demand

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Article ID: iaor20001412
Country: United Kingdom
Volume: 26
Issue: 3
Start Page Number: 237
End Page Number: 254
Publication Date: Mar 1999
Journal: Computers and Operations Research
Authors: ,
Keywords: inventory, heuristics
Abstract:

In this study, an economic production scheduling policy which allows for variations in production quantity, scheduling time and shortages is developed. Computational results using the model are compared with the results from existing studies. We show that the model developed is more cost-effective than several related models in the area. A sensitivity analysis has been conducted to shed light on the impact of changing model parameters on the chosen measure of performance.

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