Abstract
In this paper, we consider the model of Rahim and Banerjee (1988) for a process with random linear drift. We present a modification of this model, then we study the effect of the variance of the process on the optimal production cycle, and consequently on the total cost per good item. We also provide a numerical example.
| Original language | English |
|---|---|
| Pages (from-to) | 1523-1533 |
| Number of pages | 11 |
| Journal | International Journal of Production Research |
| Volume | 35 |
| Issue number | 6 |
| DOIs | |
| State | Published - Jun 1997 |
ASJC Scopus subject areas
- Strategy and Management
- Management Science and Operations Research
- Industrial and Manufacturing Engineering