%0 Journal Article %1 Raafat199189 %A Raafat, Feraidoon %A Wolfe, Philip M. %A Eldin, Hamed K. %D 1991 %J Computers & Industrial Engineering %K discounts %N 1 %P 89 - 94 %R 10.1016/0360-8352(91)90043-6 %T An inventory model for deteriorating items %U http://www.sciencedirect.com/science/article/pii/0360835291900436 %V 20 %X In this paper, an alternative methodology for obtaining the optimum characteristics of Mak's deteriorating production-inventory model is presented. Here, the exact average total cost expression for the production lot-size model with constant deterioration has been obtained, and then through a classical computerized search routine the optimum production cycle time and the optimum total inventory cycle time is determined. A numerical example is used to illustrate the results of this analysis and they are then compared to those of Mak's methodology for determining the “optimum” values of the approximate equations.

@article{Raafat199189, abstract = {In this paper, an alternative methodology for obtaining the optimum characteristics of Mak's deteriorating production-inventory model is presented. Here, the exact average total cost expression for the production lot-size model with constant deterioration has been obtained, and then through a classical computerized search routine the optimum production cycle time and the optimum total inventory cycle time is determined. A numerical example is used to illustrate the results of this analysis and they are then compared to those of Mak's methodology for determining the “optimum” values of the approximate equations. }, added-at = {2013-07-13T12:25:23.000+0200}, author = {Raafat, Feraidoon and Wolfe, Philip M. and Eldin, Hamed K.}, biburl = {https://www.bibsonomy.org/bibtex/2304914a90fe5b01678d3524920db0b64/yili}, doi = {10.1016/0360-8352(91)90043-6}, interhash = {68986b51309e54eccc889611001612e9}, intrahash = {304914a90fe5b01678d3524920db0b64}, issn = {0360-8352}, journal = {Computers & Industrial Engineering }, keywords = {discounts}, number = 1, pages = {89 - 94}, timestamp = {2013-07-13T12:25:23.000+0200}, title = {An inventory model for deteriorating items }, url = {http://www.sciencedirect.com/science/article/pii/0360835291900436}, volume = 20, year = 1991 }