An Integrated Production System for a Single Installment Policy of Raw MaterialThis paper considers a manufacturing system which procures raw materials from suppliers and processes them to make a finished product. The problem is to determine an optimal pr

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Published: Apr 24, 2008

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Mohd Omar
Siti Suzlin Supadi

Abstract

This paper considers a manufacturing system which procures raw materials from suppliers and processes them to make a finished product. The problem is to determine an optimal production size with a single installment of raw materials to satisfy a deterministic time-varying demand process by minimizing the total relevant cost. We developed a mathematical model for the problem and then compared the result with a lot-for-lot model with single installment and lot-for-lot model with multiple installments. From the optimality condition, we derived an optimal solution procedure for the proposed model. We present numerical examples for a discussion and comparison.
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Omar, M., & Supadi, S. S. (2008). An Integrated Production System for a Single Installment Policy of Raw MaterialThis paper considers a manufacturing system which procures raw materials from suppliers and processes them to make a finished product. The problem is to determine an optimal pr. Malaysian Journal of Science, 27(1), 143–151. Retrieved from https://ejournal.um.edu.my/index.php/MJS/article/view/7943
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Vol. 27 No. 1 (2008)
Section
Original Articles

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