Single-machine lot scheduling problem for deteriorating items with negative exponential deterioration rate

Determining production-inventory level is one of the most important and challenging problems in a manufacturing system. Economic Batch Quantity (EBQ) is the simplest and the most employed inventory model in this field. Here, a single-source production lot-sizing model for deteriorating products with negative exponential deterioration rate is developed. In this manufacturing system, we assume that all items are manufactured using a single source....