A production–inventory model with linear trend in demand and time-limited free back-orders

A production–inventory model with linear trend in demand and time-limited free back-orders

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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: , ,
Abstract:

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.

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