The Optimal Inventory Policy of Production Management

Optimal Inventory Policy

Optimal Production-Inventory Policy under Energy Buy-Back Program

This paper proposes a production-inventory model with setup cost for production and financial compensation for stopping production when the buy-back program is activated, which is a modified model to that of [Chen et al 2007] by including the setup cost. Under an energy buyback program, we consider M+1 types of market scenarios and the corresponding buy-back levels with different financial comp...

Optimal Inventory-Management-Policy for Commodity Storage-Assets

Commodity storage-assets can be either physical storage-facilities, or contracts guaranteeing their use. Merchants employ them to support their commodity-trading activities in wholesale markets, which are characterized by notoriously volatile prices. Managing a storage asset requires determining an inventory-management policy, which, given a realization of the commodity price, consists of choos...

The (Q, r) Inventory Policy in Production- Inventory Systems

We examine the effectiveness of the conventional (Q, r) model in managing production-inventory systems with finite capacity, stochastic demand, and stochastic order processing times. We show that, for systems with finite production capacity, order replenishment lead times are highly sensitive to loading and order quantity. Consequently, the choice of optimal order quantity and optimal reorder p...

‏‎faciliting lexical access for the fluent production of speech‎‏

‏‎the hypothesis is that recent and frequent exposure to lexical items leads to a more fluent production of speech in terms of rate of speech. to test the hypothesis,a one-way anova experimental design was carried out. 24 sednior students of efl participated in a one-way interview test. data analyses revealed that those who were exposed frequently to the lexical items over a week prior to inter...