An optimal batch size for integrated production-inventory policy in a supply chain

@article{Rau2008AnOB,
  title={An optimal batch size for integrated production-inventory policy in a supply chain},
  author={Hsin Rau and Bing-Chang OuYang},
  journal={European Journal of Operational Research},
  year={2008},
  volume={185},
  pages={619-634}
}
This study presents a new integrated production–inventory policy under a finite planning horizon and a linear trend in demand. We assume that the vendor makes a single product and supplies it to a buyer with a non-periodic and just-in-time (JIT) replenishment policy in a supply chain environment. The objective is to minimize the joint total costs incurred by the vendor and the buyer. In this study, first, we develop a mathematical model and prove that it has the optimal solution. Then, we… CONTINUE READING

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