relation: http://repository.uhamka.ac.id/id/eprint/1629/
title: Finite horizon planning with fixed-interval deliveries and no shortage
creator: Sarker, Bhaba R.
creator: Diponegoro, Ahmad
subject: T Technology (General)
description: The ordering policy of raw materials and the manufacturing batch size for frequent deliveries of finished goods over a finite horizon play a significant role in managing the supply chain logistics economically. This research develops an ordering policy for raw materials and determines an economic batch size in a manufacturing system that supplies finished products to customers over a finite planning horizon. Fixed quantities of finished products are delivered to customers at a fixed interval of time. In this model, an optimal multi-ordering policy for procurement of raw materials and production cycle time for a production and supply system is developed to minimize the total cost incurred due to raw materials and finished goods inventories. A closed-form solution to the problem is obtained for the minimal total cost. A lower bound on the optimal solution is developed for the problem and the empirical tests indicate that the lower bounds are very close to the solution.
date: 2006
type: Article
type: PeerReviewed
identifier:   Sarker, Bhaba R. dan Diponegoro, Ahmad  (2006) Finite horizon planning with fixed-interval deliveries and no shortage.  OPSEARCH, 43 (4).  pp. 404-424.  ISSN 0030-3887     
relation: http://doi.org/10.1007/BF03398786
relation: doi:10.1007/BF03398786
identifier: doi:10.1007/BF03398786