Production inventory policy under a discounted cash flow

This paper presents an extended production inventory model in which the production rate at any instant depends on the demand and the inventory level. The effects of the time value of money are incorporated into the model. The demand rate is a linear function of time for the scheduling period. The pr...

Full description

Bibliographic Details
Main Authors: Su Chao-Ton, Lin Cheng-Wang
Format: Article
Language:English
Published: University of Belgrade 2005-01-01
Series:Yugoslav Journal of Operations Research
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0354-0243/2005/0354-02430502289S.pdf