search query: @author Kok, A. G. de / total: 4
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Author: | Kok, A. G. de |
Title: | Approximations for operating characteristics a production-inventory model with variable production rate. |
Journal: | European Journal of Operational Research
1987 : JUN, VOL. 29:3, p. 286-297 |
Index terms: | PRODUCTION INVENTORY CONTROL |
Language: | eng |
Abstract: | Production - inventory control models with a variable production rate are discussed. The demand process is a compound Poisson process. The production rate is controlled by the well-known /m,M/-policy. Simple and accurate approximations are given for operating characteristics of the system. It turns out that a sequential determination of M - m and m yields a rule that minimizes average cost subjects to a service level constraint. Numerical results are given to show the accuracy of the approximations. |
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