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

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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)

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.