Optimal production stopping and restarting times for an EOQ model with deteriorating items

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61 Citations (Scopus)

Abstract

A perishable single item production-inventory system is studied in this paper. The objective is to describe a general model in which the production rate, the product demand rate, and the item deterioration rate are all considered as functions of time, and to discuss the optimal production stopping and restarting times which minimise the total relevant cost per unit time. In the general model, demand shortage is allowed, where some of the demand is lost and the rest is backlogged. Popular models, such as the pure inventory system and the zero shortage system, are shown to be special cases of our model. The conditions for a feasible stationary point to be optimal are given. The simplestcases with constant rates of production, demand and deterioration are discussed and shown as illustrative examples.
Original languageEnglish
Pages (from-to)1288-1295
Number of pages8
JournalJournal of the Operational Research Society
Volume49
Issue number12
DOIs
Publication statusPublished - 1 Jan 1998

Keywords

  • Demand
  • Deterioration
  • EOQ
  • Production
  • Shortage

ASJC Scopus subject areas

  • Management Information Systems
  • Strategy and Management
  • Management Science and Operations Research
  • Marketing

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