Article ID: | iaor19981567 |
Country: | Netherlands |
Volume: | 87 |
Issue: | 3 |
Start Page Number: | 685 |
End Page Number: | 692 |
Publication Date: | Dec 1995 |
Journal: | European Journal of Operational Research |
Authors: | Roy B., Lenard J.D. |
Keywords: | programming: multiple criteria |
The difficulties encountered in the practice of inventory control led us to several criticisms of the classical inventory models. We define another approach for the determination of inventory policies based on the notion of efficient policy surfaces. We extend this notion to multi-item inventory control by defining the concepts of family and aggregate item. Using several attributes, we build families of items. In every family, an aggregate item is built in order for the inventory practitioner to make decisions.