eprintid: 1629
rev_number: 5
eprint_status: archive
userid: 1777
dir: disk0/00/00/16/29
datestamp: 2020-08-15 06:57:00
lastmod: 2020-08-15 06:57:00
status_changed: 2020-08-15 06:57:00
type: article
metadata_visibility: show
creators_name: Sarker, Bhaba R.
creators_name: Diponegoro, Ahmad
creators_id: bsarker@lsu.edu
creators_id: adipone@uhamka.ac.id
creators_orcid: 0000-0002-1436-250X
title: Finite horizon planning with fixed-interval deliveries and no shortage
ispublished: pub
subjects: T1
abstract: 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
date_type: published
official_url: http://doi.org/10.1007/BF03398786
id_number: doi:10.1007/BF03398786
full_text_status: none
publication: OPSEARCH
volume: 43
number: 4
pagerange: 404-424
refereed: TRUE
issn: 0030-3887
citation:   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