Multiple Finite Production Rate Dynamic Lot Size Inventory Models

Suresh Sethi and Suresh Chand
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Suresh Chand: Purdue University, West Lafayette, Indiana

Operations Research, 1981, vol. 29, issue 5, 931-944

Abstract: This paper investigates the dynamic inventory model for the case when production in a period is restricted to a finite set of specified values. The model allows the production rate to be any value in the set {0, P , 2 P , …, mP }, where m is a nonnegative integer. It is assumed that the setup cost is paid only once for a production block and the holding cost is monotonically or linearly increasing. Efficient planning horizon procedures have been developed for this model.

Keywords: 348 finite production rate models; 114 forward algorithms (search for similar items in EconPapers)
Date: 1981
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