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) identifier identifier

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.