Article ID: | iaor19951230 |
Country: | United Kingdom |
Volume: | 45 |
Issue: | 11 |
Start Page Number: | 1335 |
End Page Number: | 1337 |
Publication Date: | Nov 1994 |
Journal: | Journal of the Operational Research Society |
Authors: | Teng J.-T. |
This paper proposes a hybrid heuristic method to solve the problem of determining the timing and size of replenishments in order to minimize the total replenishment and inventory holding costs in the case of a deterministic demand pattern having a linear trend. The method obtains the optimal solutions in the two examples most widely used in this journal.