2020
DOI: 10.1109/access.2020.3014332
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A Dynamic EPQ Model for Time-Varying Demand Problem With Product Life Cycle

Abstract: The study explores a dynamic economic production quantity model whose demand function in consideration of market-trend issue to decide the optimal number of production cycles, the corresponding optimal production time points, and the best time to withdraw from the production line. The objective function of the total relevant costs considered in the model is formulated as a nonlinear programming problem, and a complete search procedure is developed to find the optimal solution of inventory cost. The characteris… Show more

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“…Fang and Yeh 4) proposed EPQ model with random demand by considering inconsistent item life cycle. The unfulfilled client request happens on the current dissemination framework in the organization.…”
Section: Introductionmentioning
confidence: 99%
“…Fang and Yeh 4) proposed EPQ model with random demand by considering inconsistent item life cycle. The unfulfilled client request happens on the current dissemination framework in the organization.…”
Section: Introductionmentioning
confidence: 99%