TY - JOUR
T1 - Periodic review production models with variable yield and uncertain demand
AU - Gerchak, Yigal
AU - Vickson, Raymond G.
AU - Parlar, Mahmut
N1 - Funding Information:
'This work wns suppned by the Natural Sciences and Engineering Research Council of Canada through grants M698, A4608 and A9304. Useful comments by M. Henig and referees are appreciated.
PY - 1988/6/1
Y1 - 1988/6/1
N2 - A periodic-review production model with variable yield (uncertain supply) and uncertain demand is formulated and investigated. First, we provide a complete analysis of the final (single) period problem. The order point turns out to be unaffected by the yield distribution, but the expected yield corresponding to optimal lot size generally does not equal the difference between the order point and initial stock. We then explore properties of the two- period problem, the solution of which is generally non-myopic. Finally, the solution structure of the n-period problem is reported.
AB - A periodic-review production model with variable yield (uncertain supply) and uncertain demand is formulated and investigated. First, we provide a complete analysis of the final (single) period problem. The order point turns out to be unaffected by the yield distribution, but the expected yield corresponding to optimal lot size generally does not equal the difference between the order point and initial stock. We then explore properties of the two- period problem, the solution of which is generally non-myopic. Finally, the solution structure of the n-period problem is reported.
UR - http://www.scopus.com/inward/record.url?scp=0024032613&partnerID=8YFLogxK
U2 - 10.1080/07408178808966163
DO - 10.1080/07408178808966163
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AN - SCOPUS:0024032613
SN - 0740-817X
VL - 20
SP - 144
EP - 150
JO - IIE Transactions (Institute of Industrial Engineers)
JF - IIE Transactions (Institute of Industrial Engineers)
IS - 2
ER -