A simple optimal approach for the inventory replenishment problem with linear demand

A simple optimal approach for the inventory replenishment problem with linear demand

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Article ID: iaor20072178
Country: India
Volume: 27
Issue: 3
Start Page Number: 747
End Page Number: 755
Publication Date: Sep 2006
Journal: Journal of Information & Optimization Sciences
Authors: ,
Abstract:

This study proposes a simple algorithm for obtaining an optimal solution on the classical inventory replenishment problem which represents with a linear function in demand for both increasing and decreasing cases. A general procedure is proposed and examples are given to illustrate that our simple approach is also as good as the approaches shown in the literature.

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