Article ID: | iaor20083580 |
Country: | Netherlands |
Volume: | 173 |
Issue: | 2 |
Start Page Number: | 669 |
End Page Number: | 682 |
Publication Date: | Sep 2006 |
Journal: | European Journal of Operational Research |
Authors: | Kroll Dennis E., Li Gary C., Lin C.J. |
Keywords: | scheduling |
This paper considers the economic lot scheduling problem for a production–inventory system where items produced are subject to continuous deterioration. The problem is to schedule multiple products to be manufactured on a single machine repetitively over an infinite planning horizon. Each product is assumed to have a significant rate of deterioration. Only one product can be manufactured at a time. The demand rate for each product is constant, but an exponential distribution is used to represent the distribution of the time to deterioration. A common cycle time policy is assumed in the production process. A near optimal production cycle time is derived under conditions of continuous review, deterministic demand, and no shortage.