Optimal ordering policy for a multi-item, single-supplier system with constant demand rates

Optimal ordering policy for a multi-item, single-supplier system with constant demand rates

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Article ID: iaor1990871
Country: United Kingdom
Volume: 41
Issue: 4
Start Page Number: 345
End Page Number: 349
Publication Date: Apr 1990
Journal: Journal of the Operational Research Society
Authors: ,
Abstract:

This paper develops optimal inventory-management rules for an n-item system supplied by a common vendor and with constant demand rates for the various items. The model allows planned stockouts, whose optimal values are determined on the basis of the total cost minimization.

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