Optimal production policy for multi-product with inventory-level-dependent demand in segmented market

Market segmentation has emerged as the primary means by which firms achieve optimal production policy. In this paper, we use market segmentation approach in multi-product inventory system with inventory-level-dependent demand. The objective is to make use of optimal control theory to solve the i...

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Bibliographic Details
Main Authors: Singh Yogender, Manik Prerna, Chaudhary Kuldeep
Format: Article
Language:English
Published: University of Belgrade 2013-01-01
Series:Yugoslav Journal of Operations Research
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0354-0243/2013/0354-02431300023S.pdf