An integrated production and financial planning model and an application


Kirca O., Koksalan M.

IIE TRANSACTIONS, vol.28, no.8, pp.677-686, 1996 (Journal Indexed in SCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 28 Issue: 8
  • Publication Date: 1996
  • Doi Number: 10.1080/15458830.1996.11770712
  • Title of Journal : IIE TRANSACTIONS
  • Page Numbers: pp.677-686

Abstract

Ln this paper we develop and implement a linear programming model that integrates production and financial planning. We discuss the implementation of the model in a make-to-order type production environment that operates under high inflation. We elaborate on the motivation of the model as well as the difficulties encountered during the implementation. We present the results of the application and discuss various benefits that can be obtained by using the model.