Abstract:
In this paper, an economic production quantity model is developed for a production–inventory system where the demand rate increases with time; the production rate is finite and adjustable in each cycle over an infinite planning horizon. The model is formulated taking the demand rate as a general increasing function of time and the optimal production policy is obtained for the special case of a linearly increasing demand rate. In manufacturing sectors, it is important to make plans for producing products with costs effective and on the other hand, to meet the customer demands. A procedure to find approximately the minimum total cost of the system over a finite time horizon is suggested. This paper
describes the work done o n the development o f a
decision support system for brick production factory
using an economic production lot size problem . The
decision support system thus developed for inventory
control is expected to assist brick production
manager in decision making regarding production
plan and to minimize total variables cost for
inventory over a specified time period.
