A production–inventory model for a deteriorating item with trended demand and shortages

A production–inventory model for a deteriorating item with trended demand and shortages

0.00 Avg rating0 Votes
Article ID: iaor20052034
Country: Netherlands
Volume: 157
Issue: 2
Start Page Number: 357
End Page Number: 371
Publication Date: Sep 2004
Journal: European Journal of Operational Research
Authors: , ,
Keywords: deteriorating items
Abstract:

A production–inventory model is developed for a deteriorating item over a finite planning horizon with a linear time-varying demand, finite production rate and shortages. The resulting nonlinear constrained minimization problem is numerically solved by using the box complex algorithm. The optimal number of production cycles that minimizes the average system cost is determined. Sensitivity analysis of the optimal solution is carried out.

Reviews

Required fields are marked *. Your email address will not be published.