The proposed model considers the products with finite shelf-life which causes a small amount of decay. The market demand is assumed to be level dependent and in a linear form. The model has also considered the constant production rate which stops attaining a desired level of inventories and that is the highest level of inventories. Production starts with a buffer stock and without any sort of backlogs. Due to the market demand and product’s decay, the inventory reduces to the level of buffer stock where again the production cycle starts. With a numerical search procedure the proof of the proposed model has been shown. The objective of the model is to obtain the total average optimum inventory cost and optimum ordering cycle.
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机译:Production value of plastics processing declines slightly/Employment now above the pre-crisis level/GDP growth loses dynamism/Socialist PSOE party wins elections,but uncertainties still exist
机译:An Innovative Workflow for Appropriate Selection of Subsurface-Surface Model Integration Scheme Based on Petroleum Production System Nature, User Needs,and Integrated Simulation Performance