Article ID: | iaor20023554 |
Country: | China |
Volume: | 16 |
Issue: | 3 |
Start Page Number: | 232 |
End Page Number: | 235 |
Publication Date: | Jun 2001 |
Journal: | Journal of Systems Engineering and Electronics |
Authors: | Pan Dehui, Zhang Xiaohong, Huang Huiran |
This article studies the definite way of production–inventory model with time-limited free back-orders by assuming linear trend in demand and finite replenishment rate, an efficient iterative procedure is proposed to provide the optimal production schedule with the help of a computer. Numerical examples are included to illustrate the proposed solution procedure. The results of these examples provide theoretical evidence for the inventory system to make management decision.