Article ID: | iaor1996741 |
Country: | United Kingdom |
Volume: | 33 |
Issue: | 10 |
Start Page Number: | 2855 |
End Page Number: | 2865 |
Publication Date: | Oct 1995 |
Journal: | International Journal of Production Research |
Authors: | Mak K.L., Hollier R.H., Lam C.L. |
In this paper, a mathematical model is developed for the analysis of optimal replenishment policies for items which experience lumpy demands. In order to avoid disrupting the inventory system, a cutoff transaction size of