A Capacitated Production-Inventory Model with Periodic Demand

Authors:
Roman Kapuscinski;Sridhar Tayur
Affiliations:
-;-
Venue:
Operations Research
Year:
1998

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Abstract

For a single product, single-stage capacitated production-inventory model with stochastic, periodic (cyclic) demand, we find the optimal policy and characterize some of its properties. We study the finite-horizon, the discounted infinite-horizon and the infinite-horizon average cases. A simulation based optimization method is provided to compute the optimal parameters. Based on a numerical study, several insights into the model are also provided.