| Article ID: | iaor200967 |
| Country: | Netherlands |
| Volume: | 179 |
| Issue: | 1 |
| Start Page Number: | 114 |
| End Page Number: | 123 |
| Publication Date: | May 2007 |
| Journal: | European Journal of Operational Research |
| Authors: | Frenk J.B.G., Bayndr Z. Pelin, Birbil .. |
| Keywords: | optimization |
We present a thorough analysis of the economic production quantity model with shortages under a general inventory cost rate function and piecewise linear concave production costs. Consequently, an effective solution procedure, particularly useful for an approximation scheme, is proposed. A computational study is appended to illustrate the performance of the proposed solution procedure.