A deterministic inventory/production model with general inventory cost rate function and piecewise linear concave production costs

Bayındır, Zeynep Pelin
Frenk, J. B. G.
We present a thorough analysis of the economic production quantity model with shortages under a general inventory cost rate function and piecewise linear concave production costs. Consequently, an effective solution procedure, particularly useful for an approximation scheme, is proposed. A computational study is appended to illustrate the performance of the proposed solution procedure.


The joint replenishment problem with variable production costs
Bayındır, Zeynep Pelin; Frenk, J. B. G. (Elsevier BV, 2006-11-01)
This paper discusses an approach to solve the joint replenishment problem in a production environment with variable production cost. These variable production costs occur due to economies of scale in production. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex analysis. Consequently, an effective and exact solution procedure is proposed. The proposed procedure is guaranteed to return a solution with a predetermined qua...
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ÖZPEYNİRCİ, SELİN; Azizoğlu, Meral (Informa UK Limited, 2010-05-01)
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Bayındır, Zeynep Pelin; Gullu, Refik (Elsevier BV, 2007-02-01)
In this article, we investigate the profitability of remanufacturing option when the manufactured and remanufactured products are segmented to different markets and the production capacity is finite. A single period profit model under substitution is constructed to investigate the system conditions under which remanufacturing is profitable. We present analytical findings and computational results to show profitability of remanufacturing option under substitution policy subject to a capacity constraint of th...
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Tunali, S; Batmaz, I (Elsevier BV, 2003-10-16)
This paper suggests a methodology for developing a simulation metamodel involving both quantitative and qualitative factors. The methodology mainly deals with various strategic issues involved in metamodel estimation, analysis, comparison, and validation. To illustrate how to apply the methodology, a regression metamodel is developed for a client-server computer system. In particular, we studied how the response time is affected by the quantum interval, the buffer size. and the total number of terminals whe...
A multicriteria sorting approach based on data envelopment analysis for R&D project selection problem
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In this paper, multiple criteria sorting methods based on data envelopment analysis (DEA) are developed to evaluate research and development (R&D) projects. The weight intervals of the criteria are obtained from Interval Analytic Hierarchy Process and employed as the assurance region constraints of models. Based on data envelopment analysis, two threshold estimation models, and five assignment models are developed for sorting. In addition to sorting, these models also provide ranking of the projects. The de...
Citation Formats
Z. P. Bayındır and J. B. G. Frenk, “A deterministic inventory/production model with general inventory cost rate function and piecewise linear concave production costs,” EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, pp. 114–123, 2007, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/46394.