Optimal production policy for multi-product with inventory-level-dependent demand in segmented market
نویسندگان
چکیده
منابع مشابه
Optimal Production Policy for Multi-product with Inventory-level-dependent Demand in Segmented Market
Market segmentation has emerged as the primary means by which firms achieve optimal production policy. In this paper, we use market segmentation approach in multi-product inventory system with inventory-level-dependent demand. The objective is to make use of optimal control theory to solve the inventory-production problem and develop an optimal production policy that minimizes the total cost as...
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Market segmentation is an essential element of marketing in industrialized countries. Goods can no longer be produced and sold without considering customer needs and recognized the heterogeneity of these needs. In this paper, we use market segmentation approach in single product inventory system with deteriorating items. The objective is to make use of optimal control theory to solve the produc...
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This paper discusses why the selection of a finite planning horizon is preferable to an infinite one for a replenishment policy of production inventory models. In a production inventory model, the production rate is dependent on both the demand rate and the inventory level. When there is an exponentially decreasing demand, the application of an infinite planning horizon model is not suitable. T...
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Demand occasionally depends positively on the amount of displayed stock, especially in the case of novelty or impulse purchase items. Such inventory-level dependence of demand rate has been incorporated into some continuous review inventory control models, but only ones with demand rate which does not vary with time, no shortages, infinite production rate and per-unit-time cost minimization. We...
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ژورنال
عنوان ژورنال: YUJOR
سال: 2013
ISSN: 0354-0243,1820-743X
DOI: 10.2298/yjor130220023s