Constrained multi-item inventory systems: An implicit approach

Constrained multi-item inventory systems: An implicit approach

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Article ID: iaor1994449
Country: United Kingdom
Volume: 20
Issue: 6
Start Page Number: 639
End Page Number: 649
Publication Date: Aug 1993
Journal: Computers and Operations Research
Authors: ,
Abstract:

This paper examines the n-item deterministic inventory model subject to a single linear constraint. Functional relationships between the Lagrangean multipliers and shifts occurring simultaneously in multiple system parameters are identified and used to establish effective initial bounds on the optimal multiplier value in closed form. A recursive process which rapidly converges to the optimal Lagrangean multiplier is also presented. Finally, a comparative analysis highlighting the efficiency of the proposed process in relation to existing algorithms is exhibited.

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