An integrated production and financial planning model and an application

Kirca O., Koksalan M.

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

  • Publication Type: Article / Article
  • Volume: 28 Issue: 8
  • Publication Date: 1996
  • Doi Number: 10.1080/15458830.1996.11770712
  • Journal Name: IIE TRANSACTIONS
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Business Source Elite, Business Source Premier, Communication Abstracts, Metadex, Civil Engineering Abstracts
  • Page Numbers: pp.677-686
  • Middle East Technical University Affiliated: Yes

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.