An approximate inventory model based on dimensional analysis

An approximate inventory model based on dimensional analysis

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Article ID: iaor199457
Country: Singapore
Volume: 5
Issue: 2
Start Page Number: 117
End Page Number: 123
Publication Date: Nov 1988
Journal: Asia-Pacific Journal of Operational Research
Authors: ,
Abstract:

Dimensional analysis is used to develop a power law solution that gives approximately optimal (s,S) policies for a period review stochastic inventory model. The solution is similar in form to Ehrchardt’s Power Law Model and uses Erhardt’s structure for s, as direct methods of fitting proved unsuccessful. It gives marginally better results than Erhardt’s on the same data sets that was used by Erhardt.

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