TY - JOUR
A2 - Cho, S.
A2 - Spinello, D.
AU - Bhowmick, Jhuma
AU - Samanta, G. P.
PY - 2011
DA - 2011/07/26
TI - A Deterministic Inventory Model of Deteriorating Items with Two Rates of Production, Shortages, and Variable Production Cycle
SP - 657464
VL - 2011
AB - A Continuous production control inventory model is developed for a deteriorating item having shortages and variable production cycle. It is assumed that the production rate is changed to another at a time when the inventory level reaches a prefixed level Q1 and continued until the inventory level reaches the level S(>Q1). The demand rate is assumed to be constant, and the production cycle T is taken as variable. The production is started again at a time when the shortage level reaches a prefixed quantity Q2. For this model, the total cost per unit time as a function of Q1, Q2, S, and T is derived. The optimal decision rules for Q1, Q2, S, and T are computed. The sensitivity of the optimal solution towards changes in the values of different system parameters is also studied. Results are illustrated by numerical examples.
SN - null
UR - https://doi.org/10.5402/2011/657464
DO - 10.5402/2011/657464
JF - ISRN Applied Mathematics
PB - International Scholarly Research Network
KW -
ER -