| Article ID: | iaor19961953 |
| Country: | United Kingdom |
| Volume: | 47 |
| Issue: | 1 |
| Start Page Number: | 188 |
| End Page Number: | 200 |
| Publication Date: | Jan 1996 |
| Journal: | Journal of the Operational Research Society |
| Authors: | Benkherouf Lakdere, Mahmoud Mohammed G. |
| Keywords: | programming: dynamic |
This paper presents an exact solution for the inventory replenishment problem with shortages, in which items are deteriorating at a constant rate. The demand rates are increasing with time over a known and finite planning horizon. The paper also presents a dynamic programming solution to the problem. Both these methods provide a net improvement over existing methods.