Article ID: | iaor1991433 |
Country: | United Kingdom |
Volume: | 41 |
Issue: | 7 |
Start Page Number: | 639 |
End Page Number: | 643 |
Publication Date: | Jul 1990 |
Journal: | Journal of the Operational Research Society |
Authors: | Henery R.J. |
The paper considers optimal replenishment policy in the case of deterministic demand, with demand a known function which is periodic in time. The general formulation is a special case of Donaldson’s fixed-horizon model, and two common situations are discussed: (i) demand varies sinusoidally; and (ii) there is an abrupt increase or decrease in demand, represented mathematically by a discontinuity in the demand rate.