TY  - JOUR
VL  - 43
N2  - 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.
SN  - 0030-3887
IS  - 4
ID  - repository1629
SP  - 404
TI  - Finite horizon planning with fixed-interval deliveries and no shortage
EP  - 424
AV  - none
UR  - http://doi.org/10.1007/BF03398786
JF  - OPSEARCH
Y1  - 2006///
A1  - Sarker, Bhaba R.
A1  - Diponegoro, Ahmad
ER  -