Production Control in the Face of Storable Raw Material, Random Supply, and an Outside Market

  • Jian Yang
  • Published 2004 in Operations Research


We study a periodic-review production/inventory control problem where both the supply of raw material and demand for the finished product are exogenous and random, the raw material can be stored for future use, can be purchased from or sold to an outside market. We study both the lost sales and backlogging cases under both strict convex and linear raw… (More)
DOI: 10.1287/opre.1030.0090


8 Figures and Tables