| Article ID: | iaor20011165 |
| Country: | Belgium |
| Volume: | 38 |
| Issue: | 4 |
| Start Page Number: | 33 |
| End Page Number: | 44 |
| Publication Date: | Jan 1998 |
| Journal: | Belgian Journal of Operations Research, Statistics and Computer Science |
| Authors: | Balkhi Zaid T. |
| Keywords: | deteriorating items |
This paper deals with a general production lot size inventory model in which shortages are allowed but it is fully backordered, and the demand, production and deterioration rates are known and arbitrary functions of time. A rigorous mathematical method is used to show that the solution to the underlying inventory system is unique and global optimal.