Linear programming (LP) is a widely used tool in management decision making. Theoretically, sensitivity analysis of LP problems provides useful information for the decision maker. In practice, however, most LP software provides misleading sensitivity information if the optimal solution is...

Minimizing the cost of capital tied up by inventory is frequently an important management objective of production scheduling. The paper determines the optimal production schedule of a single machine sequencing problem for two cases; first when the cost of capital is calculated by periodic...