Article ID: | iaor20071152 |
Country: | Netherlands |
Volume: | 45 |
Issue: | 1/2 |
Start Page Number: | 149 |
End Page Number: | 161 |
Publication Date: | Jan 2007 |
Journal: | Mathematical and Computer Modelling |
Authors: | Maiti M., Mondal S., Maity K., Maity A.K. |
Keywords: | heuristics: genetic algorithms |
In this paper, some realistic multi-period production–inventory models are formulated for deteriorating items with known dynamic demands for optimal productions. Here, the rates of production are time dependent (quadratic/linear) or constant expressed by a Chebyshev polynomial and considered as a control variable. The models are solved using Chebyshev spectral approximations, the El-Hawary technique and a genetic algorithm. The models have been illustrated by numerical data. The optimum results for different production functions are presented in both tabular and graphical forms.