Optimal replenishment policy for product with season pattern demand

Optimal replenishment policy for product with season pattern demand

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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:
Keywords: seasonality
Abstract:

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.

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