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: | Rau H., OuYang B.C. |
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.