A production lot size inventory model for deteriorating items and arbitrary production and demand rates. (English) Zbl 0913.90091
Summary: We present a method for finding the optimal replenishment schedule for the production lot size model with deteriorating items, where demand and production are allowed to vary with time in arbitrary way in which shortages are allowed. The method is illustrated by a numerical example.
MSC:
| 90B05 | Inventory, storage, reservoirs |
References:
| [1] | Luenberger, D. G., Linear and Nonlinear Programming (1984), Addison-Wesley: Addison-Wesley Reading, MA · Zbl 0241.90052 |
| [2] | Mak, K. L., A production lot size inventory model for deteriorating items, Computers and Engineering, 6, 309-317 (1982) |
| [3] | Misra, R. B., Optimum production lot size model for a system with deteriorating inventory, International Journal of Production Research, 13, 459-505 (1975) |
| [4] | Raafat, F., Survey of literature on continuously deteriorating inventory models, Journal of the Operational Research Society, 42, 27-37 (1991) · Zbl 0718.90025 |
| [5] | Raafat, F.; Wolfe, P. M.; Eddin, H. K., An inventory model for deteriorating items, Computers and Engineering, 20, 89-94 (1991) |
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