Article ID: | iaor20023552 |
Country: | China |
Volume: | 17 |
Issue: | 4 |
Start Page Number: | 70 |
End Page Number: | 73 |
Publication Date: | Aug 2001 |
Journal: | Journal of Mathematics for Technology |
Authors: | Liu Xinbin, Ma Lianghe |
In this paper, the inventory problem of raw material and products is considered for a plant where production and sales exist in the same time interval. A general inventory model and its calculation method are given to decide the optimal production cycle, and two examples are given to illustrate the model.