Constrained production lot-size model with trade-credit policy: 'A comparison geometric programming approach via Lagrange' |
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Authors: | A.I. Shawky M. O. Abou-El-Ata |
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Abstract: | In this paper our main objective is to investigate a deterministic inventory production lot-size model with a permissible delay in payment under a restriction. We analyse our deterministic inventory model under a restriction which will be assumed as the average inventory level. In fact we use in our analysis two approaches: the geometric programming approach; and the Lagrange method. Then a comparison between these two approaches is performed, which is our aim. Finally we deduce some previously published works of other researchers as special cases. |
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Keywords: | Geometric Programming Cost Models Lot-SIZE Inventory Level |
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