NDLI: Production point optimization for short life cycle products

Content Provider	IEEE Xplore Digital Library
Author	Zhao Yong-quan Liu Da-wei Li Yu-hui
Copyright Year	2008
Description	Author affiliation: Sch. of Econ. & Manage., Shanghai Maritime Univ., Shanghai (Zhao Yong-quan) \|\| Bus. Sch., Zhengzhou Univ., Zhengzhou (Li Yu-hui) \|\| Sch. of Manage., Hangzhou Dianzi Univ., Hangzhou (Liu Da-wei)
Abstract	Production and inventory problem has attracted a great deal of attention. This problem concerns the determination of reproduction point in the production system. And the optimal solution to the problem is the (s, S) policy with different values for each period in the time varying demand situation This study develops an optimal production policy for shot life cycle products with a declining price. Assuming that the manufacturer adopts an inventory policy with optimal production points, we propose the model based on the production cycle for replenishment. Numerical example shows that the model has better results than that with a fixed service level and fixed production point. And based on this approach, we shows the significant influence of production cycle and price remaining rate on the expected profit with sensitivity analysis.
Starting Page	741
Ending Page	746
File Size	296621
Page Count	6
File Format	PDF
ISBN	9781424423873
DOI	10.1109/ICMSE.2008.4668995
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-09-10
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Production systems Costs Uncertainty service level Conference management production point Engineering management Pricing Inventory management Inventory control Marketing and sales Virtual manufacturing short life cycle products
Content Type	Text
Resource Type	Article

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