A simple solution procedure for the (s,Q) inventory system with fast moving items

A simple solution procedure for the (s,Q) inventory system with fast moving items

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Article ID: iaor20082157
Country: India
Volume: 28
Issue: 2
Start Page Number: 289
End Page Number: 298
Publication Date: Mar 2007
Journal: Journal of Information & Optimization Sciences
Authors: ,
Abstract:

In 2001, Chang et al. explored the (s, Q) inventory system for fast moving items. They derived an iterative procedure to find the optimal solution. In general, the iterative procedure involves a lot of computations. This article presents an analytic method to simplify the search procedure to find the optimal solution. Numerical examples are also given to illustrate the effectiveness of the solution procedure presented in this article.

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