A variable production scheduling policy for deteriorating items with time-varying demand. (English) Zbl 0947.90052

Wee, H. M.; Wang, W. T.

Comput. Oper. Res. 26, No. 3, 237-254 (1999).

Summary: In this study, an economic production scheduling policy which allows for variations in production quantity, scheduling time and shortages is developed. Computational results using the model are compared with the results from existing studies. We show that the model developed is more cost-effective than several related models in the area. A sensitivity analysis has been conducted to shed light on the impact of changing model parameters on the chosen measure of performance.

MSC:

90B35

Deterministic scheduling theory in operations research

Keywords:

deteriorating inventory; variable production schedule; varying demand