Article ID: | iaor20031817 |
Country: | United Kingdom |
Volume: | 30 |
Issue: | 4 |
Start Page Number: | 483 |
End Page Number: | 490 |
Publication Date: | Apr 2003 |
Journal: | Computers and Operations Research |
Authors: | Chung Kun-Jen, Hou Kuo-Lung |
This paper develops a model to determine an optimal run time for a deteriorating production system under allowable shortage. It is assumed that the elapsed time until the production process shift is arbitrarily distributed. We show that there exists a unique optimal production run time to minimize the total relevant cost function. Finally, bounds for the optimal production run time are provided to develop the solution procedure.