An exact formulation of inventory costs and optimal lot size in face of sudden obsolescence.

Prafulla Joglekar Patrick Lee

Published in: Oper. Res. Lett. (1993)

Keyphrases

lot size
inventory costs
lot sizing
total cost
finite horizon
lead time
production cost
production process
multistage
production planning
infinite horizon
mixed integer programming
search space
upper bound
optimal control
planning horizon
dynamic programming
special case