A production order quantity model with stochastic demand for a chocolate milk manufacturer

Edgar L. De Castro; Mario T. Tabucanon; Nagen N. Nagarur

doi:10.1016/S0925-5273(96)00117-X

A production order quantity model with stochastic demand for a chocolate milk manufacturer

Edgar L. De Castro
, Mario T. Tabucanon
, Nagen N. Nagarur

School of Sys Sci Ind Engr

Binghamton University

Asian Institute of Technology

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

A production planning model with stochastic demand, constant defective rate and capacity constraint is developed to analyse the production problem of a chocolate milk manufacturer. The model is proven to possess an optimal solution under the given conditions. An optimal production plan is established for the firm, which is shown to be superior to the present production plan. The sensitivity analysis performed on the optimal solution provides useful insights on the inventory control and capacity requirement decisions of the firm.

Original language	English
Pages (from-to)	145-156
Number of pages	12
Journal	International Journal of Production Economics
Volume	49
Issue number	2
DOIs	https://doi.org/10.1016/S0925-5273(96)00117-X
State	Published - Apr 15 1997

Keywords

Inventory control
Production planning
Stochastic optimization

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10.1016/S0925-5273(96)00117-X

Cite this

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title = "A production order quantity model with stochastic demand for a chocolate milk manufacturer",

abstract = "A production planning model with stochastic demand, constant defective rate and capacity constraint is developed to analyse the production problem of a chocolate milk manufacturer. The model is proven to possess an optimal solution under the given conditions. An optimal production plan is established for the firm, which is shown to be superior to the present production plan. The sensitivity analysis performed on the optimal solution provides useful insights on the inventory control and capacity requirement decisions of the firm.",

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AU - Tabucanon, Mario T.

AU - Nagarur, Nagen N.

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Y1 - 1997/4/15

N2 - A production planning model with stochastic demand, constant defective rate and capacity constraint is developed to analyse the production problem of a chocolate milk manufacturer. The model is proven to possess an optimal solution under the given conditions. An optimal production plan is established for the firm, which is shown to be superior to the present production plan. The sensitivity analysis performed on the optimal solution provides useful insights on the inventory control and capacity requirement decisions of the firm.

AB - A production planning model with stochastic demand, constant defective rate and capacity constraint is developed to analyse the production problem of a chocolate milk manufacturer. The model is proven to possess an optimal solution under the given conditions. An optimal production plan is established for the firm, which is shown to be superior to the present production plan. The sensitivity analysis performed on the optimal solution provides useful insights on the inventory control and capacity requirement decisions of the firm.

KW - Inventory control

KW - Production planning

KW - Stochastic optimization

UR - https://www.scopus.com/pages/publications/0040691516

U2 - 10.1016/S0925-5273(96)00117-X

DO - 10.1016/S0925-5273(96)00117-X

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JO - International Journal of Production Economics

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ER -

A production order quantity model with stochastic demand for a chocolate milk manufacturer

Abstract

Keywords

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