A Production Model for Deteriorating Inventory Items with Production Disruptions
Author(s) -
Yong He,
Ju He
Publication year - 2010
Publication title -
discrete dynamics in nature and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.264
H-Index - 39
eISSN - 1607-887X
pISSN - 1026-0226
DOI - 10.1155/2010/189017
Subject(s) - production (economics) , inventory management , computer science , extension (predicate logic) , operations research , operations management , business , risk analysis (engineering) , economics , microeconomics , mathematics , programming language
Disruption management has recently become an active area of research. In this study, an extension is made to consider the fact that some products may deteriorate during storage. A production-inventory model for deteriorating items with production disruptions is developed. Then the optimal production and inventory plans are provided, so that the manufacturer can reduce the loss caused by disruptions. Finally, a numerical example is used to illustrate the model
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