| Article ID: | iaor20003307 |
| Country: | Netherlands |
| Volume: | 24 |
| Issue: | 1/2 |
| Start Page Number: | 65 |
| End Page Number: | 72 |
| Publication Date: | Feb 1999 |
| Journal: | Operations Research Letters |
| Authors: | Chern Maw-Sheng, Teng Jinn-Tsair, Yang Hui-Ling, Wang Yuchung J. |
We establish various inventory replenishment policies. We then analytically identify the best alternative among them based on the minimum total relevant costs. Finally, we prove that the relevant cost is convex with the number of replenishments. Consequently, the search for the optimal replenishment number is reduced to finding a local minimum.