Resource title

Solving a Production and Inventory Model with a Minimum Lot Size Constrain

Resource image

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Resource description

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.

Resource author

Knut Richter, Irena Okhrin

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23829

Resource license

Adapt according to the presented license agreement and reference the original author.