Optimal production policy with shelf life including shortages

Sanjay Sharma

44 citations0/0 files storedJournal of the Operational Research Society

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Supply Chain and Inventory Management Management and Optimization Techniques Scheduling and Optimization Algorithms

Abstract

A multi-product environment is considered in which one item has a shelf-life constraint. An attempt is made to extend the existing work by incorporating shortages in the system. Mathematical formulations are provided for the optimum cycle time and shortages. These are explained with the help of a numerical example.

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References

1990Deliberately slowing down output in a family production context 1989Shelf life considerations in a family production context 1993Effect of production cost on shelf life 1997Optimal cycle time and production rate in a family production context with shelf life considerations

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2013Developing approximate algorithms for EPQ problem with process compressibility and random error in production/inspection 2008On price increases and temporary price reductions with partial backordering 2007Theory of exchange 2007On the flexibility of demand and production rate 2010Policies concerning decisions related to quality level 2011Economic order quantity for deteriorating items with time discounting 2006Incorporating fractional backordering in the multi-product manufacturing situation with shelf-lives 2012Development of supplier relationship including cost of defectives in the cyclic production

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