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Title:Solving a Production and Inventory Model with a Minimum Lot Size Constrain PDF Logo
Authors:Richter, Knut
Okhrin, Irena
Issue Date:2007
Series/Report no.:Diskussionspapiere / Europa-Universität Viadrina Frankfurt (Oder), Wirtschaftswissenschaftliche Fakultät 261
Abstract:The paper deals with the analysis of a special dynamic production and inventory model. In this model logical restrictions to fulfill an accepted constant minimal level of the production lot size are incorporated, instead of keeping setup cost in the objective function, as it is common in many other models. Detailed optimality conditions are derived, which make possible the application of a simple dynamic programming recursion procedure.
Subjects:dynamic production-inventory model
minimum lot size
dynamic programming
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Viadrina

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