Thursday, 16 July 2009

Wseas Transactions

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Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 19-111
Full Name: Zaid Balkhi
Position: Professor
Age: ON
Sex: Male
Address: Depatment of Statistics ans Operations Research King Saud University
Country: SAUDI ARABIA
Tel: 14676330
Tel prefix: +966
Fax: 14676274
E-mail address: ztbalkhi@ksu.edu.sa
Other E-mails: ztbalkhi@gmail.com
Title of the Paper: A general and dynamic production lot size inventory model
Authors as they appear in the Paper: Zaid Balkhi , Ali Haj Bakry
Email addresses of all the authors: ztbalkhi@ksu.edu.sa,Ali.Bakry@gmail.com
Number of paper pages: 9
Abstract: Abstract—A dynamic inventory model with deteriorating items in which each of the production ,the demand and the deterioration rates, as well as all cost parameters are assumed to be general functions of time is considered in this paper. Besides, shortages are allowed but are partially backordered. . Both inflation and time value of money are taken into account. The objective is to minimize the total net inventory cost . The relevant model is built , solved Necessary and sufficient conditions for a unique and global optimal solution are derived. An illustrative example is provided and numerically verified
Keywords: Keywords—General production lot size, Inventory, Variable parameters, Optimality.
EXTENSION of the file: .pdf
Special (Invited) Session: )n the optimality of a general production lot size inventory model with variable parameters
Organizer of the Session: 615-146
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