Inventory replenishment policy for cyclic demand

Inventory replenishment policy for cyclic demand

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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:
Abstract:

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.

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