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Zbl 0996.90005
Balkhi, Zaid T.
On a finite horizon production lot size inventory model for deteriorating items: An optimal solution. (English)
[J] Eur. J. Oper. Res. 132, No.1, 210-223 (2001). ISSN 0377-2217

Summary: A generalized production lot size inventory model for deteriorating items over a finite planning horizon is considered. The demand, production, and deteriorating rates are assumed to be known and continuous functions of time. Shortages are allowed and completely backlogged. The conditions under which the system total cost attains its (unique) global minimum are derived. An example which illustrate the applicability of theoretical results is also introduced.

MSC 2000:: *90B05 Inventory management
90C90 Appl. of mathematical programming

Keywords: global optimality; production lot size inventory model; deteriorating items; finite planning horizon

Cited in: Zbl 1233.90052

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