Article ID: | iaor19931683 |
Country: | United Kingdom |
Volume: | 43 |
Issue: | 7 |
Start Page Number: | 721 |
End Page Number: | 724 |
Publication Date: | Jul 1992 |
Journal: | Journal of the Operational Research Society |
Authors: | Urban T.L. |
This paper investigates an inventory system with an inventory-level-dependent demand rate followed by a constant demand rate. The analysis previously conducted on this model imposed a terminal condition of zero inventory at the end of the order cycle. This condition is not warranted for systems with inventory-level-dependent demand rates, even for deterministic models. This paper relaxes this restriction, and an appropriate model is developed.