Production point optimization for short life cycle products

  title={Production point optimization for short life cycle products},
  author={Zhao Yong-quan and Liu Da-wei and Li Yu-hui},
  journal={2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings},
Production and inventory problem has attracted a great deal of attention. This problem concerns the determination of reproduction point in the production system. And the optimal solution to the problem is the (s, S) policy with different values for each period in the time varying demand situation This study develops an optimal production policy for shot life cycle products with a declining price. Assuming that the manufacturer adopts an inventory policy with optimal production points, we… CONTINUE READING