• AUTOMATION OF OPTIMAL PRODUCTION SCHEDULES FOR A CERTAIN CLASS OF DETERMINISTIC INVENTORY PROBLEMS USING DYNAMIC PROGRAMMING

  
  
  

1 Ukwu, Chukwunenye&2 TankoIshaya

Abstract:
This research article conceptualized, formulated and designed Excel solution templates and corresponding exposition for optimal production schedules for a certain class of deterministic inventory problems. The article also provided illustrative examples which demonstrated the efficiency, utility and processing power of the solution templates. The deployment of the solution templates circumvents the inherent tedious, and prohibitive manual computations associated with dynamic programming formulations and recursions and may be optimally appropriated for sensitivity analyses on each model.