Paper Title :Production and Operations Management: Best models and maximum optimization (BMMO)

Author :Mihail Kitanovski

Article Citation :Mihail Kitanovski , (2017 ) " Production and Operations Management: Best models and maximum optimization (BMMO) " , International Journal of Management and Applied Science (IJMAS) , pp. 38-42, Volume-3,Issue-11

Abstract : This paper intends to give an overview of the literature on dynamic lot-sizing models and stochastic transshipment models. These two types of models are used as a basis for developing models with substitution in the following sections: Section 01 contains a classification of models for dynamic lot-sizing/production planning, and selected models. In Section 02, it is presented a brief overview of available methods for solving deterministic dynamic lot-sizing problems modeled using maximum-optimized linear programming. Also, it introduces transshipment problems and presents a classification scheme for transshipment models. This directly guides to reviewed selected solution approaches that can be applied to stochastic inventory control models such as transshipment problems. Index Terms - Operation Optimization, Production Levelling, Transshipment Model, Maximum Combined Lot-Sizing

Type : Research paper

Published : Volume-3,Issue-11

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