Economic consequences of a production and inventory control policy
نویسندگان
چکیده
منابع مشابه
The economic consequences of a production and inventory control policy
We investigate the economic performance of a generalised Order-Up-To policy in response to an Auto Regressive stochastic demand process. We focus on the case where the physical production/distribution lead-time is one period and where we forecast demand with simple exponential smoothing. We consider two sets of convex piece-wise linear costs. The first set is the traditional inventory holding a...
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the traditional economic production quantity (epq) model assumes that during the production process no imperfect item is produced. but in the real production system, due to imperfect production process or other factors, imperfect quality items may be produced. furthermore, it is well-known that the total production-inventory costs can be reduced by reworking the imperfect quality items produced...
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Market segmentation is an essential element of marketing in industrialized countries. Goods can no longer be produced and sold without considering customer needs and recognized the heterogeneity of these needs. In this paper, we use market segmentation approach in single product inventory system with deteriorating items. The objective is to make use of optimal control theory to solve the produc...
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In this paper, we use market segmentation approach in multiproduct inventory production system with deteriorating items. The objective is to make use of optimal control theory to solve the production inventory problem and develop an optimal production policy that maximize the total profit associated with inventory and production rate in segmented market. First, we consider a single production a...
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ژورنال
عنوان ژورنال: International Journal of Production Research
سال: 2004
ISSN: 0020-7543,1366-588X
DOI: 10.1080/00207540410001727640