Article ID: | iaor2005453 |
Country: | Netherlands |
Volume: | 33 |
Issue: | 1 |
Start Page Number: | 90 |
End Page Number: | 96 |
Publication Date: | Jan 2005 |
Journal: | Operations Research Letters |
Authors: | You Peng Sheng |
Keywords: | seasonality |
This paper investigates a deterministic inventory model in which demand follows a seasonal pattern that repeats itself after a short time interval. An algorithm is developed for determining an optimal replenishment cycle, a shortage length and an order quantity such that the total profit per unit time is maximized.