Exploiting timely demand information to reduce inventories

On the global optimal solution to an int

On the global optimal solution to an integrated inventory system with general time varying demand, production and deterioration rates

✍ Zaid T. Balkhi 📂 Article 📅 1999 🏛 Elsevier Science 🌐 English ⚖ 138 KB

In this paper a uni®ed inventory model for integrated production system with a single product is presented. The production, demand and deterioration rates for the ®nished product and the deterioration rates for raw materials are assumed to be functions of time. A rigorous mathematical proof which sh