A computational study of single constrained EOQ inventory systems

A computational study of single constrained EOQ inventory systems

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Article ID: iaor1989857
Country: Italy
Volume: 18
Issue: 47
Start Page Number: 65
End Page Number: 79
Publication Date: Sep 1988
Journal: Ricerca Operativa
Authors: ,
Keywords: computational analysis
Abstract:

Tight bounds to the optimal Lagrange multiplier for two item deterministic inventory system with limited capacity are developed and compared to the most well known bounding procedure. A recursive process which rapidly converges to the optimal multiplier based on successive improvements of these bounds is also presented. Finally, this bounding process is extended to the case of item deterministic inventory systems.

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