Article ID: | iaor199166 |
Country: | South Korea |
Volume: | 15 |
Issue: | 2 |
Start Page Number: | 109 |
End Page Number: | 116 |
Publication Date: | Dec 1989 |
Journal: | Journal of the Korean Institute of Industrial Engineers |
Authors: | Kim M., Lee H. |
In many cases, production-inventory systems involves significant demand variations. Actual demand is probabilistic and the production capacity is also limited. Finding the proper production lot sizes to this problem usually requires heavy computational procedures. Therefore a heuristic approach under various assumptions is highly recommended. In this paper, an approach with consideration of probabilistic demand and limited production capacity is proposed. [In Korean.]