Maximum-Profit Inventory Model with Stock-Dependent Demand, Time-Dependent Holding Cost, and All-Units Quantity Discounts

A new production-planning model with a unique set of realistic features is considered. First, the demand rate is a function of the current inventory level. Second, a new order is gradually produced according to a finite production rate. Third, the unit holding cost per time period is a function of...

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Bibliographic Details
Main Author: Hesham Kamal Alfares
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2015-11-01
Series:Mathematical Modelling and Analysis
Subjects:
Online Access:https://journals.vgtu.lt/index.php/MMA/article/view/1031