A sensitivity analysis of a (ti,Si) inventory policy with increasing demand

A sensitivity analysis of a (ti,Si) inventory policy with increasing demand

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Article ID: iaor1993445
Country: Netherlands
Volume: 11
Issue: 3
Start Page Number: 167
End Page Number: 172
Publication Date: Apr 1992
Journal: Operations Research Letters
Authors:
Abstract:

The inventory model with a (ti,Si) policy with increasing demand is common in many practical applications. Under this model the inventory system operates only during a prescribed period of time. It also corresponds to the classical deterministic, stationary demand model with no shortages. This present sensitivity analysis reveals that there is a strong relationship among the optimal number of replenishments, the total demand, the planning horizon, and the optimal cost.

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