Note on ‘Deterministic inventory lot-size models under inflation with shortages and deterioration for fluctuating demand’ by Yang et al.

Note on ‘Deterministic inventory lot-size models under inflation with shortages and deterioration for fluctuating demand’ by Yang et al.

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Article ID: iaor2003463
Country: United States
Volume: 49
Issue: 5
Start Page Number: 527
End Page Number: 529
Publication Date: Aug 2002
Journal: Naval Research Logistics
Authors: ,
Abstract:

In a recent paper Yang et al. extended the lot-size models to allow for inflation and fluctuating demand. For this model they proved that the optimal replenishment schedule exists and is unique. They also proposed an algorithm to find the optimal policy. The present paper provides examples, which show that the optimal replenishment schedule and consequently the overall optimal policy may not exist.

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