Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
482763 | European Journal of Operational Research | 2006 | 14 Pages |
Abstract
This paper considers the economic lot scheduling problem (ELSP) for a production-inventory system where items produced are subject to continuous deterioration. The problem is to schedule multiple products to be manufactured on a single machine repetitively over an infinite planning horizon. Each product is assumed to have a significant rate of deterioration. Only one product can be manufactured at a time. The demand rate for each product is constant, but an exponential distribution is used to represent the distribution of the time to deterioration. A common cycle time policy is assumed in the production process. A near optimal production cycle time is derived under conditions of continuous review, deterministic demand, and no shortage.
Related Topics
Physical Sciences and Engineering
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Authors
Gary C. Lin, Dennis E. Kroll, C.J. Lin,