A note on inventory replenishment policy for increasing demand

A note on inventory replenishment policy for increasing demand

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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:
Abstract:

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.

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