| Article ID: | iaor1998564 |
| Country: | Netherlands |
| Volume: | 27 |
| Issue: | 4 |
| Start Page Number: | 303 |
| End Page Number: | 320 |
| Publication Date: | Mar 1996 |
| Journal: | Engineering Optimization |
| Authors: | Chung Kun-Jen, Liu Joseph, Tsai Sui-Fu |
| Keywords: | planning |
This paper discusses the inventory replenishment policy over a finite planning horizon for a deteriorating item taking account of time value and presents a line search technique to decide the optimal interval which has positive inventories. Numerical examples are given to explain how the line search technique works.