In production activities, the control of production quantity and inventory is very important. The locus of the fluctuations of inventory can be represented by the minimal lattice paths on the two-dimensional planes. In this paper the effects of varying production rates on inventory control are discussed based on the minimal lattice paths. © 1989, Operational Research Society Ltd.
- Controllable production rates
- Inventory control
- Minimal lattice paths
ASJC Scopus subject areas
- Management Science and Operations Research
- Management Information Systems
- Strategy and Management