Displaying similar documents to “A multilevel salary compensation model using goal programming”

Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost

Hesham K. Alfares (2014)

RAIRO - Operations Research - Recherche Opérationnelle


In general, traditional production-inventory systems are based on a number of simplifying – but somewhat unrealistic – assumptions, including constant demand rate, constant holding cost, and instantaneous order replenishment. These assumptions have been individually challenged in numerous variations of production-inventory models. Finite production rate models, such as economic production quantity (EPQ) systems consider gradual order replenishment. Stock-dependent demand models assume...