OPTIMIZING AN INTEGRATED INVENTORY SYSTEM UNDER DETERMINISTIC DEMAND

We seek a better understanding of an inventory system to simultaneously determine the optimal manufacturing cycle for the product and the optimal procurement quantities for the raw materials. We show that the problem under consideration is NP-hard with a unique optimum. We further show the relation of the problem to the other single machine problems. We conclude that any iterative algorithm for solving single machine problems can be employed to solve this problem. A typical inventory system is worked out to illustrate the method.
Publisher
TAYLOR FRANCIS LTD
Issue Date
1991-04
Language
ENG
Keywords

MODELS

Citation

INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, v.22, no.4, pp.769 - 774

ISSN
0020-7721
DOI
10.1080/00207729108910655
URI
http://hdl.handle.net/10203/57334
Appears in Collection
KSIM-Journal Papers(저널논문)
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