This paper follows up a previous study for optimising a production-inventory system when external demand is stochastic.A modified stock-out function is presented to cover more generalsituation when cumulative production may be a continuousvariable. Optimisation equations are further investigated,including the sufficient conditions for optimisation.
Andersson, L. E. and Grubbs trom, R. W. (1994),
Asymptotic Behaviour of a Stochastic Multi-Period JnventOiy
Process with Planned Production, Working Paper
WP-210, Department of Production Economics,
Linkoping Insti tute of Technology
Grobbstrom, R. W. (1996), Stochastic Properties of
a Production-Inventory Process with Planned Production
Using Transform Methodology, International
Journal of Production Economics, Vol. 45, pp. 407-
-419
Grubbstrom, R. W. and Molinder, A (1996), Safety
Stock Plans in MRP-Systems Using Transform Methodology,
i nternational Joumal of Production Economics,
Vol. 46-47, pp. 297-309
Grubbstrom, R. W. (1998), A Net Present Value Approach
to Safety Stocks in Planned Production, international
Journal of Production Economics, Vol. 56-57,
pp. 213-229
Grubbstrom, R. W. and Tang, 0. (1997), Further Developments
on Safety Stock in an MRP System Applying
Laplace Transjom1s and input-Output Analysis, Internationalfournal
of Production Economics, forthcoming
Guest Editor: Eleonora Papadimitriou, PhD
Editors: Dario Babić, PhD; Marko Matulin, PhD; Marko Ševrović, PhD.
Accelerating Discoveries in Traffic Science |
2024 © Promet - Traffic&Transportation journal