A Capacitated Production-Inventory Model with Periodic Demand

Roman Kapuściński and Sridhar Tayur
Additional contact information
Roman Kapuściński: Carnegie Mellon University, Pittsburgh, Pennsylvania
Sridhar Tayur: Carnegie Mellon University, Pittsburgh, Pennsylvania

Operations Research, 1998, vol. 46, issue 6, 899-911

Abstract: For a single product, single-stage capacitated production-inventory model with stochastic, periodic (cyclic) demand, we find the optimal policy and characterize some of its properties. We study the finite-horizon, the discounted infinite-horizon and the infinite-horizon average cases. A simulation based optimization method is provided to compute the optimal parameters. Based on a numerical study, several insights into the model are also provided.

Keywords: Inventory/production; stochastic; optimal policies; nonstationary; Simulation; infinitesimal perturbation analysis; Dynamic programming; Markov (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (50)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.46.6.899 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:46:y:1998:i:6:p:899-911

Access Statistics for this article

More articles in Operations Research from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().