Optimal production policy with shelf life including shortages

Optimal production policy with shelf life including shortages

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Article ID: iaor2005891
Country: United Kingdom
Volume: 55
Issue: 8
Start Page Number: 902
End Page Number: 909
Publication Date: Aug 2004
Journal: Journal of the Operational Research Society
Authors:
Abstract:

A multi-product environment is considered in which one item has a shelf-life constraint. An attempt is made to extend the existing work by incorporating shortages in the system. Mathematical formulations are provided for the optimum cycle time and shortages. These are explained with the help of a numerical example.

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