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A Chebyshev approximation for solving the optimal production inventory problem of deteriorating multi-item
Affiliation:Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar University, Midnapore–721 102, India
Abstract:In this paper, some realistic multi-period production–inventory models are formulated for deteriorating items with known dynamic demands for optimal productions. Here, the rates of production are time dependent (quadratic/linear) or constant expressed by a Chebyshev polynomial and considered as a control variable. The models are solved using Chebyshev spectral approximations, the El-Hawary technique and a genetic algorithm (GA). The models have been illustrated by numerical data. The optimum results for different production functions are presented in both tabular and graphical forms.
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