Analysis of a Forecasting-Production-Inventory System with Stationary Demand

Analysis of a Forecasting-Production-Inventory System with Stationary Demand

Production-Inventory System of Deteriorating Items with Inflation Induced Demand

This paper considers the impact of inflation on the EPQ model for deteriorating items subject to random machine breakdowns and fixed maintenance period. The demand rate is assumed to be a function of inflation and the demand increase due to inflation. The objective is to determine the optimal production uptime that minimizes the present value of expected total costs per unit time consisting of ...

Analysis of a production-inventory system with unreliable production facility

This paper tests the robustness of analytical results on performance measures for a production-inventory system with an unreliable production facility. A basic model is considered which involves a single production machine with constant production rate which operates as long as the accumulated inventory is below a pre-set threshold, and is idle otherwise. The demand process follows a compound P...

Analysis of a Decentralized Production-Inventory System

We model an isolated portion of a competitive supply chain as a M/M/1 make-tostock queue. The retailer carries finished goods inventory to service a Poisson demand process, and specifies a policy for replenishing his inventory from an upstream supplier. The supplier chooses the service rate, i.e., capacity, of his manufacturing facility, which behaves as a single-server queue with exponential s...

a time-series analysis of the demand for life insurance in iran

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