POWER CONTROL AND OPTIMIZATION: Proceedings of the 7th Global Conference on Power Control and Optimization
978-983-44483-63
Two Easy to Apply Solution Procedures to the Determination of Production-Shipment Policy
Leopoldo Eduardo Cárdenas-Barrón, Pandian Vasant, Ata Allah Taleizadeh, Gerardo Treviño-Garza
PCO Conf-Proc 2008 (2013), - PDF
Abstract. This paper deals with the determination of production-shipment policy for an integrated vendor-buyer system. The inventory model contains two decision variables: the replenishment lot size and the number of deliveries. This paper solves the inventory model considering two cases: 1) the replenishment lot size as continuous variable and the number of shipments as discrete variable, and 2) the replenishment lot size and the number of shipments as discrete variables. Two easy to apply solution procedures are proposed.
© 2013 PCO based on American Institute of Physics