On the relationship between constrained and unconstrained multi-item replenishment problems

On the relationship between constrained and unconstrained multi-item replenishment problems

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Article ID: iaor1989109
Country: United Kingdom
Volume: 9
Start Page Number: 77
End Page Number: 81
Publication Date: Aug 1989
Journal: International Journal of Operations & Production Management
Authors:
Keywords: financial
Abstract:

This paper shows how to obtain an optimal inventory management policy, subject to an investment constraint, when different items are ordered from the same supplier. It is shown that the optimal policy for this constrained problem may be obtained directly from the solution to the equivalent unconstrained problem.

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