A deterministic inventory/production model with general inventory cost rate function and piecewise linear concave production costs

Bayindir, ZEYNEP; Birbil, S.; Frenk, J.

doi:10.1016/j.ejor.2006.03.026

A deterministic inventory/production model with general inventory cost rate function and piecewise linear concave production costs

Bayindir Z. P., Birbil S. I., Frenk J. B. G.

EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, vol.179, no.1, pp.114-123, 2007 (SCI-Expanded, Scopus)

Publication Type: Article / Article
Volume: 179 Issue: 1
Publication Date: 2007
Doi Number: 10.1016/j.ejor.2006.03.026
Journal Name: EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
Page Numbers: pp.114-123
Middle East Technical University Affiliated: Yes

Abstract

We present a thorough analysis of the economic production quantity model with shortages under a general inventory cost rate function and piecewise linear concave production costs. Consequently, an effective solution procedure, particularly useful for an approximation scheme, is proposed. A computational study is appended to illustrate the performance of the proposed solution procedure. (c) 2006 Elsevier B.V. All rights reserved.