Production and Inventory Model Using Net Present Value
Author
Abstract
Suggested Citation
DOI: 10.1287/opre.50.3.528.7744
Download full text from publisher
References listed on IDEAS
- Ram Rachamadugu, 1988. "Error bounds for EOQ," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(5), pages 419-425, October.
- G. Hadley, 1964. "A Comparison of Order Quantities Computed Using the Average Annual Cost and the Discounted Cost," Management Science, INFORMS, vol. 10(3), pages 472-476, April.
- Chao, Hung-po, 1992. "The EQQ model with stochastic demand and discounting," European Journal of Operational Research, Elsevier, vol. 59(3), pages 434-443, June.
- Robert A. Davis & Norman Gaither, 1985. "Optimal Ordering Policies Under Conditions of Extended Payment Privileges," Management Science, INFORMS, vol. 31(4), pages 499-509, April.
- Derek Atkins & Daning Sun, 1995. "98%-Effective Lot Sizing for Series Inventory Systems with Backlogging," Operations Research, INFORMS, vol. 43(2), pages 335-345, April.
- Derek Atkins & Maurice Queyranne & Daning Sun, 1992. "Lot Sizing Policies for Finite Production Rate Assembly Systems," Operations Research, INFORMS, vol. 40(1), pages 126-141, February.
- Daning Sun & Derek Atkins, 1997. "98%-Effective Lot-Sizing for Assembly Inventory Systems with Backlogging," Operations Research, INFORMS, vol. 45(6), pages 940-951, December.
- A. Federgruen & M. Queyranne & Yu-Sheng Zheng, 1992. "Simple Power-of-Two Policies are Close to Optimal in a General Class of Production/Distribution Networks with General Joint Setup Costs," Mathematics of Operations Research, INFORMS, vol. 17(4), pages 951-963, November.
- Robin Roundy, 1986. "A 98%-Effective Lot-Sizing Rule for a Multi-Product, Multi-Stage Production / Inventory System," Mathematics of Operations Research, INFORMS, vol. 11(4), pages 699-727, November.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Yang, Gino & Ronald, Robert J. & Chu, Peter, 2005. "Inventory models with variable lead time and present value," European Journal of Operational Research, Elsevier, vol. 164(2), pages 358-366, July.
- Ghiami, Yousef, 2023. "An analysis on production and inventory models with discounted cash-flows," Omega, Elsevier, vol. 117(C).
- Giri, B. C. & Dohi, T., 2004. "Optimal lot sizing for an unreliable production system based on net present value approach," International Journal of Production Economics, Elsevier, vol. 92(2), pages 157-167, November.
- P. Majumder & U. K. Bera & M. Maiti, 2020. "An EPQ model of substitutable products under trade credit policy with stock dependent and random substitution," OPSEARCH, Springer;Operational Research Society of India, vol. 57(4), pages 1205-1243, December.
- Hsieh, Tsu-Pang & Dye, Chung-Yuan & Ouyang, Liang-Yuh, 2008. "Determining optimal lot size for a two-warehouse system with deterioration and shortages using net present value," European Journal of Operational Research, Elsevier, vol. 191(1), pages 182-192, November.
- B C Giri & T Dohi, 2005. "Exact formulation of stochastic EMQ model for an unreliable production system," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(5), pages 563-575, May.
- Beullens, Patrick & Janssens, Gerrit K., 2011. "Holding costs under push or pull conditions - The impact of the Anchor Point," European Journal of Operational Research, Elsevier, vol. 215(1), pages 115-125, November.
- Liu, Zugang & Cruz, Jose M., 2012. "Supply chain networks with corporate financial risks and trade credits under economic uncertainty," International Journal of Production Economics, Elsevier, vol. 137(1), pages 55-67.
- Serrano, Alejandro & Oliva, Rogelio & Kraiselburd, Santiago, 2017. "On the cost of capital in inventory models with deterministic demand," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 14-20.
- Saberi, Sara & Cruz, Jose M. & Sarkis, Joseph & Nagurney, Anna, 2018. "A competitive multiperiod supply chain network model with freight carriers and green technology investment option," European Journal of Operational Research, Elsevier, vol. 266(3), pages 934-949.
- Chen, Liang-Tu, 2014. "Optimal dynamic policies for integrated production and marketing planning in business-to-business marketplaces," International Journal of Production Economics, Elsevier, vol. 153(C), pages 46-53.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Li, Xiuhui & Wang, Qinan, 2007. "Coordination mechanisms of supply chain systems," European Journal of Operational Research, Elsevier, vol. 179(1), pages 1-16, May.
- Boissiere, J. & Frein, Y. & Rapine, C., 2008. "Optimal stationary policies in a 3-stage serial production-distribution logistic chain facing constant and continuous demand," European Journal of Operational Research, Elsevier, vol. 186(2), pages 608-619, April.
- B C Giri & T Dohi, 2005. "Exact formulation of stochastic EMQ model for an unreliable production system," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(5), pages 563-575, May.
- Ramasesh, Ranga V., 2010. "Lot-sizing decisions under limited-time price incentives: A review," Omega, Elsevier, vol. 38(3-4), pages 118-135, June.
- Chung-Piaw Teo & Dimitris Bertsimas, 2001. "Multistage Lot Sizing Problems via Randomized Rounding," Operations Research, INFORMS, vol. 49(4), pages 599-608, August.
- Boissière, J. & Frein, Y. & Rapine, C., 2008. "Lot-sizing in a serial distribution system with capacitated in-system production flow," International Journal of Production Economics, Elsevier, vol. 112(1), pages 483-494, March.
- Julien Bramel & Shobhna Goyal & Paul Zipkin, 2000. "Coordination of Production/Distribution Networks with Unbalanced Leadtimes," Operations Research, INFORMS, vol. 48(4), pages 570-577, August.
- Giri, B. C. & Dohi, T., 2004. "Optimal lot sizing for an unreliable production system based on net present value approach," International Journal of Production Economics, Elsevier, vol. 92(2), pages 157-167, November.
- Daning Sun, 2004. "Existence and Properties of Optimal Production and Inventory Policies," Mathematics of Operations Research, INFORMS, vol. 29(4), pages 923-934, November.
- Herer, Yale T., 1999. "Submodularity and the traveling salesman problem," European Journal of Operational Research, Elsevier, vol. 114(3), pages 489-508, May.
- Klein Haneveld, Willem K. & Teunter, Ruud H., 1998. "Effects of discounting and demand rate variability on the EOQ," International Journal of Production Economics, Elsevier, vol. 54(2), pages 173-192, January.
- Farvid, Mojtaba & Rosling, Kaj, 2014. "The discounted (R,Q) inventory model—The Shrewd Accountant's Heuristic," International Journal of Production Economics, Elsevier, vol. 149(C), pages 17-27.
- Abdul-Jalbar, Beatriz & Gutiérrez, José M. & Sicilia, Joaquín, 2009. "A two-echelon inventory/distribution system with power demand pattern and backorders," International Journal of Production Economics, Elsevier, vol. 122(2), pages 519-524, December.
- Fangruo Chen, 1999. "94%-Effective Policies for a Two-Stage Serial Inventory System with Stochastic Demand," Management Science, INFORMS, vol. 45(12), pages 1679-1696, December.
- Hsieh, Tsu-Pang & Dye, Chung-Yuan & Ouyang, Liang-Yuh, 2008. "Determining optimal lot size for a two-warehouse system with deterioration and shortages using net present value," European Journal of Operational Research, Elsevier, vol. 191(1), pages 182-192, November.
- Fangruo Chen & Awi Federgruen & Yu-Sheng Zheng, 2001. "Near-Optimal Pricing and Replenishment Strategies for a Retail/Distribution System," Operations Research, INFORMS, vol. 49(6), pages 839-853, December.
- Fangruo Chen, 2000. "Effectiveness of (R, Q) policies in one‐warehouse multiretailer systems with deterministic demand and backlogging," Naval Research Logistics (NRL), John Wiley & Sons, vol. 47(5), pages 422-439, August.
- Grubbstrom, Robert W., 1995. "Modelling production opportunities -- an historical overview," International Journal of Production Economics, Elsevier, vol. 41(1-3), pages 1-14, October.
- Kimms, Alf & Drexl, Andreas, 1996. "Multi-level lot sizing: A literature survey," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 405, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
- L-Y Ouyang & C-T Chang & J-T Teng, 2005. "An EOQ model for deteriorating items under trade credits," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 56(6), pages 719-726, June.
More about this item
Keywords
Inventory/production; approximations/heuristics: near optimal solution using net present value; Inventory/production; multi-item/echelon/stage: mineral production and inventory network;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:oropre:v:50:y:2002:i:3:p:528-537. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.